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Helen O’Sullivan, REINZ chief executive, said the volume easing trend continued with all regions recording a decline in property sales volumes in May compared to 12 months ago.
This was the second month in a row volumes had dropped, she said.
“We would normally expect an increase in property sales in May compared to April, however, after taking seasonal factors into account the increase was just 1.6 per cent. This leads us to conclude that the drop in sales in April due to the combination of Easter and ANZAC Day has not created an offsetting increase in sales in May.
You can view the REINZ May 2014 , and all previous updates in the “Tools & Resources” section of the Property Indepth website.
View the update in our tools and resources.
