Following the national trend, sales and listings are down in the provincial South Island compared to where they were 12 months ago.
Written sales are down by 31% and listings by 24%.
Across New Zealand, new listings were down in August by over 21% compared to the previous year.
However, this is to be expected in the month leading up to an election, with listings generally down by around 20% before we go to the polls.
A month out from the election and the expected slowing of the property market is very evident in Christchurch.
As is the case around the rest of the country, the property market has dipped in the provincial South Island in the lead up to the election.
Making good choices can be hard when you don’t have positive role models to teach you how.