YOUR HOUSE
Sales slumped, prices continued falling and a raft of unsold houses sat on the market in February, traditionally a bumper month for real estate agents.
Just 3,964 houses were sold in February, down 31.3 per cent from 5,750 in the same month last year, REINZ data show. In Auckland sales were down 41.4 per cent compared with February last year.
Westpac says sales are now close to the lows in the wake of the 2008 global financial crisis.
‘Wellington is once again affordable for house buyers’
The REINZ House Price Index fell 1.5 per cent in February, one of the larger monthly falls in the past 12-18 months.
Nationwide prices are now down almost
