The May 2012 New Zealand Property Report published by Realestate.co.nz provides the latest insight into the state of the New Zealand property market as measured by the supply side of the property market.
Excerpt—-“ The message in the property market for the past 6 months at least, has been that there is a shortage of listings. In the major metro areas of Auckland and Canterbury this shortage has been more acute especially at a suburb level. It appears from the May data on the supply side of the market that this message has finally got through to sellers.
The level of new listings in May was counter seasonal; when we normally see a slowing of new listings coming onto the market heading into winter we actually saw a rise, and quite a significant rise – 16% increase on a seasonally adjusted basis.”