” …surely on average things are shifting to a sellers market (N.Z.)”

According to the latest BNZ-REINZ residential market survey “All of the main eight measures we use to gauge the current strength of the residential real estate market around New Zealand have strengthened over the past month indicating that slowly but surely on average things are shifting to a sellers market. More and more first home buyers are appearing, prices are perceived to be edging upward, and auction clearance rates are considered to be improving. However there has been a sizeable lift in potential vendors seeking appraisals of their properties, and in the opinion of agents the market balance is only marginally in favour of sellers. Regional variations remain strong.”

Read or download the full report here http://www.nzpbi.co.nz/assets/galleries/Bulletins-External/BNZ-REINZ-Survey-070911.pdf