The national house price in August improved on last year’s August 2017 figure of $557,547 by 2.4% to now sit at $570,921
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The latest national residential property figures from Harcourts NZ show a fluctuating market, that, while moving slower than this time last year, is still returning good results for buyers.
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.
As election day nears, sales are down across the country by 18%.
Harcourts CEO Chris Kennedy says it's a time when many New Zealanders hold off on making important financial decisions, to see the lay of the land after election night.