-- New Zealand total new property listings rose 7.3% year-on-year to 9,139 in April, while the national average asking price rose 2.2% to NZ$869,023 and total stock increased 3.9% to 37,334, according to data published by realestate.co.nz on Friday.
The report said 7,853 properties sold in March, the highest total since November 2021, with Canterbury and Southland both recording all-time average asking price highs.
Canterbury's average asking price reached NZ$735,798, up 3.8% on April last year and surpassing the region's previous high of NZ$735,383 set in March 2022, while Southland recorded an average asking price of NZ$617,879, up 17.9% year-on-year and the first time the region reached the NZ$600,000 bracket, the data added.
Auckland led new listings growth with a 23.1% rise to 3,422, followed by Bay of Plenty up 10.6% to 617 and Otago up 10.3% to 321, while Marlborough was the only region to record a double-digit decline in average asking price, down 10.1% to NZ$707,013, the data added.
Three regions recorded double-digit declines in new listings, with Central North Island down 15.1%, Northland down 14%, and Southland down 10.6% year-on-year, the report showed.