The latest New Zealand property report shows the traditional spring surge in listings is more of a whimper this year.
A monthly survey of market activity, the New Zealand Property Report, shows listings are up only 7 percent to 13,550 compared to a 21 percent rise at the same time last year and 16 percent in 2007.
"We are seeing a certain confidence in the market through people searching on the site and also people listing their property, Mr Helme said.
"But the seasonal uplift in listings has not happened as it did in years gone by."
NZPA
Chief Executive of realestate.co.nz Alistair Helm joins Michael Wilson to discuss the state of the market.