Sleepy summer for New Zealand real estate as report shows falling prices and listings

[Nicholas Wallwork]

The property market in New Zealand has entered a sleepy, dormant phase according to the latest*real estate report to be published.

Fewer new listings are coming on to the market, sales are subdued and while the sales figures*show year-on-year growth, they are still lagging behind historical averages, says the monthly*report from realestate.co.nz.

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