RNZ
Real estate agents are accused of adding fuel to the red-hot property market by manipulating so-called estimated prices on websites.
With the housing market running red-hot, sellers could be forgiven for seeing real estate as a money-printing machine right about now. More properties were sold in November than at any other point in the past decade. Median sale prices have increased by $24,000 in just over a month. The most successful agents on Homes.co.nz – Yvenna Yue and Craig Annandale – have sold 297 properties worth $209 million over the last 24 months. Some homeowners in the market are questioning the value of real estate agents in a world where it seems easier to sell a house than ever before.