Photo: Supplied/ Dan Bailey
House sales are taking longer to complete, properties are staying on the market for longer and the upward pressure on prices are easing.
The Real Estate Institute has just released its residential sales data for May. Median house prices have decreased 4 percent since April, but are up 2.4 percent since this time last year.
Meanwhile across New Zealand, the number of houses sold have decreased 28.4 percent annually, from 7,758 houses sold last year, to 5,556 this year.
Kathryn speaks to Jen Baird, Chief Executive of REINZ.
