April 2010 statistics for the New Zealand property market shows the volume of new listings coming onto the market dropped - although it must be said that April is traditionally a quiet month in many areas. There were 12,225 listings, a 17% increase when compared to a year ago when bargain hunters were particularly active in the market. This resulted in a decline in new listings at the time.
The stock of unsold homes had been increasing for nearly a year with 53,123 unsold houses available on the market at the end of April. This represents 46.5 weeks supply when compared to 42.5 weeks at the same time in 2009.
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