The Real Estate Institute of New Zealand's (REINZ) April 2023 figures show the continuing challenge of the economic climate has put further pressure on market pace.
REINZ Chief Executive Jen Baird says April tends to be slow due to public and school holidays, and it's clear those factors combined with a tight economy are still influencing the market.
"Overall, median prices have decreased across New Zealand but are moderating, sales counts have eased annually, and inventory levels have stabilised," adds Baird.
Read full REINZ Monthly Report here
Read REINZ House Price Index Report here