Friday, 21 May 2021, 3:51 pm
The
number of residential properties sold in April across New
Zealand was the highest number of properties sold in an
April month for 5 years with 7,218 properties sold,
according to the latest data from the Real Estate Institute
of New Zealand (REINZ).
Despite this, the market
actually appears to be slowing. In April 2020 New Zealand
was under Level 4 lockdown restrictions, and the housing
market has heated up significantly since previous years. It
is no surprise that this year saw the busiest April in half
a decade.
Yet compared to March, April sales were down
by over 2,500.
“While in part this is what we expect