{"id":378298,"date":"2026-04-14T02:41:10","date_gmt":"2026-04-14T02:41:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/378298\/"},"modified":"2026-04-14T02:41:10","modified_gmt":"2026-04-14T02:41:10","slug":"average-asking-prices-on-trade-me-property-down-more-than-20000-in-march","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/378298\/","title":{"rendered":"Average asking prices on Trade Me Property down more than $20,000 in March"},"content":{"rendered":"

\nAsking prices slide and new listings rise on Trade Me Property as economic uncertainty starts to bite\n<\/p>\n

The average asking price of residential properties advertised for sale on Trade Me Property declined by more than $20,000 in March, as economic uncertainties began to take their toll on the property market.<\/p>\n

The average asking price on the website was $862,550 in March, down $21,250 from February.<\/p>\n

Average asking prices declined in 11 regions around the country and increased in three. Northland, Hawke’s Bay and Otago were the only regions to post increases in March.<\/p>\n

The biggest declines for the month were in Southland -$72,350, Bay of Plenty -$65,900 and Nelson\/Tasman -$46,300.\u00a0<\/p>\n

While the average asking prices declined in March, the supply of properties for sale increased.<\/p>\n

New residential listings on Trade Me Property were up 2% in March from February, while property searches on the website rose 5% in March from February.<\/p>\n

“It’s a great time for buyers who have been sitting on the sidelines, as they have more choice than they did a year ago, particularly in regions such as Otago and Southland, where new listings have jumped by 14% and 15% respectively,”\u00a0 Trade Me Property Customer Director Gavin Lloyd said.<\/p>\n

See the table below for the full regional figures.<\/p>\n

<\/p>\n

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