High levels of unsold stock give buyers advantage as first-home purchasers reach record market share
High unsold inventory and weak sales give buyers more negotiating power, with first-home buyers now representing a record share of market activity.
The housing market through winter is being defined by high levels of unsold stock and lower sales volumes, shifting advantage to buyers. First-home buyers have claimed a record 27 to 28 percent of market activity. The combination of abundant supply and lacklustre demand is reshaping who can participate in the market and on what terms.
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interest.co.nz
High levels of unsold stock the main problem for the housing market over winter
High numbers of homes for sale and lacklustre sales volumes keep buyers in the driving seat through winter
NZ Herald
First-home buyers claim record share of housing market as prices retreat
First-home buyers now make up a record 27% to 28% of market activity.