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Volumes sold - REINZ
The data for this chart is the total number of house-sales transactions that went unconditional, as recorded by REINZ's reporting members.
This is the raw data and is not seasonally adjusted, although REINZ do publish a seasonally adjusted series.
That represents the vast majority of transactions, but not all them.
However, it is a consistent series over a long time since 1992, so the trends it reveals are important.
1 Comments
This sure is an ugly trend,
This sure is an ugly trend, but not unexpected, with negitive sentiment prevailing. 2011 will be a long slow grind. Purchasers are rightly so, in the drivers seat, serious vendors will have to accept what they are dished up, or, be forced to wait this cycle out, it may be along time between drinks...
Being based in Europe the picture is no better here, infact the market may be even more so in buyers favour, great buying at present with the kiwi/euro rate around .56e/nz$ long may this last.