The housing market remains subdued across the country, with slightly weaker prices, more stock available and houses taking longer to sell.

New data from the Real Estate Institute (REINZ) shows the national median fell 2.3 percent, to $781,000.

Infometrics Principal Economist Brad Olsen says prices are likely to stay low - despite recent cuts to interest rates.

LISTEN ABOVE

The housing market remains subdued across the country, with slightly weaker prices, more stock available and houses taking longer to sell.
New data from the Real Estate Institute (REINZ) shows the national median fell 2.3 percent, to $781,000.
Infometrics Principal Economist Brad Olsen says prices are likely to stay low - despite recent cuts to interest rates.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Brad Olsen: Infometrics Principal Economist on national house prices declining in 2024

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/08c11d35-5f02-498d-935b-b20a006f6370/transcript

Advertisement