{"id":2981,"date":"2026-09-10T14:22:22","date_gmt":"2026-09-10T14:22:22","guid":{"rendered":"https:\/\/dailybasisnews.com\/designs\/we-buy\/?page_id=2981"},"modified":"2026-09-24T12:28:47","modified_gmt":"2026-09-24T12:28:47","slug":"house-sales-drop-nationwide-where-to-next","status":"publish","type":"page","link":"https:\/\/dailybasisnews.com\/designs\/we-buy\/house-sales-drop-nationwide-where-to-next\/","title":{"rendered":"House Sales Drop Nationwide, Where To next?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2981\" class=\"elementor elementor-2981\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4e9ff07 e-flex e-con-boxed e-con e-parent\" data-id=\"4e9ff07\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6dfff16 e-con-full e-flex e-con e-child\" data-id=\"6dfff16\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dd8b699 elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"dd8b699\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">House Sales Drop Nationwide, Where To next?\n<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-bee3a90 e-con-full e-flex e-con e-child\" data-id=\"bee3a90\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-974aed0 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"974aed0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Get Your Free Property Assessment<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f1232b elementor-widget elementor-widget-text-editor\" data-id=\"5f1232b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Tell us about your property \u2014 it takes about 2 minutes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-40ebd8b elementor-widget elementor-widget-shortcode\" data-id=\"40ebd8b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\">\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f7-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"7\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/designs\/we-buy\/wp-json\/wp\/v2\/pages\/2981#wpcf7-f7-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"7\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.7\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f7-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/fieldset>\n<div class=\"custom-cf7-form\">\n\t<div class=\"cf7-row\">\n\t\t<div class=\"cf7-col\">\n\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Full Name\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span>\n\t\t\t<\/p>\n\t\t<\/div>\n\t\t<div class=\"cf7-col\">\n\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"E-mail\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"cf7-row\">\n\t\t<div class=\"cf7-col\">\n\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-phone\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-tel wpcf7-text wpcf7-validates-as-tel\" aria-invalid=\"false\" placeholder=\"Phone Number\" value=\"\" type=\"tel\" name=\"your-phone\" \/><\/span>\n\t\t\t<\/p>\n\t\t<\/div>\n\t\t<div class=\"cf7-col\">\n\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"price-expectations\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text\" aria-invalid=\"false\" placeholder=\"Your price expectations?\" value=\"\" type=\"text\" name=\"price-expectations\" \/><\/span>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"cf7-row full-width\">\n\t\t<div class=\"cf7-col\">\n\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"address\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text\" aria-invalid=\"false\" placeholder=\"Address\" value=\"\" type=\"text\" name=\"address\" \/><\/span>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"cf7-row full-width\">\n\t\t<div class=\"cf7-col\">\n\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"city\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text\" aria-invalid=\"false\" placeholder=\"City\" value=\"\" type=\"text\" name=\"city\" \/><\/span>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"cf7-row full-width cf7-recaptcha-row\">\n\t\t<div class=\"cf7-col\">\n\t\t<span class=\"wpcf7-form-control-wrap recaptcha\" data-name=\"recaptcha\"><span data-sitekey=\"6Lfi1cEtAAAAANzn8U1CB7bW0wA7-L703ZGYvyIn\" class=\"wpcf7-form-control wpcf7-recaptcha g-recaptcha\"><\/span>\r\n<noscript>\r\n\t<div class=\"grecaptcha-noscript\">\r\n\t\t<iframe src=\"https:\/\/www.google.com\/recaptcha\/api\/fallback?k=6Lfi1cEtAAAAANzn8U1CB7bW0wA7-L703ZGYvyIn\" frameborder=\"0\" scrolling=\"no\" width=\"310\" height=\"430\">\r\n\t\t<\/iframe>\r\n\t\t<textarea name=\"g-recaptcha-response\" rows=\"3\" cols=\"40\" placeholder=\"reCaptcha Response Here\">\r\n\t\t<\/textarea>\r\n\t<\/div>\r\n<\/noscript>\r\n<\/span>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"cf7-row full-width\">\n\t\t<div class=\"cf7-col\">\n\t\t\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"Start My Free Assessment\" \/>\n\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n<\/div><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f3205a elementor-widget elementor-widget-text-editor\" data-id=\"7f3205a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tNo obligation. No pressure. We&#8217;ll usually be in touch within 24\u201348 hours.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-692eab3 e-flex e-con-boxed e-con e-parent\" data-id=\"692eab3\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-b4e0d72 e-con-full e-flex e-con e-child\" data-id=\"b4e0d72\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e5fdf30 elementor-widget elementor-widget-heading\" data-id=\"e5fdf30\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">National Sale Volumes Plummet! Would Prices Be Next?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5004b02 elementor-widget elementor-widget-text-editor\" data-id=\"5004b02\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Recently the volume of houses sold has dropped drastically by a quarter in the past year. This has prompted the Real Estate Institute to seek for an end to the stringent lending restrictions put in place by the Reserve Bank. Unfortunately, these restrictions affect first-time buyers more then the seasoned investor.\u00a0<strong>Would New Zealand House Sales continue to drop?<\/strong><\/p><p>Records have shown that the number of houses sold in New Zealand last month fell by a quarter (24.5). As at last year July, the volume of houses sold in Auckland dropped by 30.6 percent and this is according to a current report by Real Institute of New Zealand (REINZ).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-035199c e-con-full e-flex e-con e-child\" data-id=\"035199c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-996f5e7 elementor-widget elementor-widget-image\" data-id=\"996f5e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1536\" height=\"1024\" src=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2026\/08\/fb611e08ec32c3613ffa3512b145d75e4167042c-1-1-1-1.jpg\" class=\"attachment-full size-full wp-image-931\" alt=\"\" srcset=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2026\/08\/fb611e08ec32c3613ffa3512b145d75e4167042c-1-1-1-1.jpg 1536w, https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2026\/08\/fb611e08ec32c3613ffa3512b145d75e4167042c-1-1-1-1-300x200.jpg 300w, https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2026\/08\/fb611e08ec32c3613ffa3512b145d75e4167042c-1-1-1-1-1024x683.jpg 1024w, https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2026\/08\/fb611e08ec32c3613ffa3512b145d75e4167042c-1-1-1-1-768x512.jpg 768w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-332220b e-flex e-con-boxed e-con e-child\" data-id=\"332220b\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-eff3865 e-con-full e-flex e-con e-child\" data-id=\"eff3865\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-219957d e-con-full e-flex e-con e-child\" data-id=\"219957d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-079cbfd elementor-widget elementor-widget-image\" data-id=\"079cbfd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"459\" height=\"309\" src=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2026\/09\/Auckland-Council-.jpeg\" class=\"attachment-full size-full wp-image-2247\" alt=\"\" srcset=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2026\/09\/Auckland-Council-.jpeg 459w, https:\/\/dailybasisnews.com\/designs\/we-buy\/wp-content\/uploads\/2026\/09\/Auckland-Council--300x202.jpeg 300w\" sizes=\"(max-width: 459px) 100vw, 459px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fc00a0c e-con-full e-flex e-con e-child\" data-id=\"fc00a0c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e5abe38 elementor-widget-mobile__width-inherit elementor-widget elementor-widget-heading\" data-id=\"e5abe38\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">LVR Restriction Affect House Sales\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-831f79f elementor-widget__width-inherit elementor-widget elementor-widget-text-editor\" data-id=\"831f79f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>According to the chief executive of REINZ Bindi Norwell, who said that the LVR restrictions have slowed down the pace of the real estate but it was time to review same especially as it regards first-time buyers. Norwell further stated that the biggest hurdles in buying a house are the inability of people to access finance. Banks have continued to tighten their lending conditions and LVR restrictions. This has created a huge barrier that makes it very difficult for first-time buyers to access the real estate market.<\/p><p>Agents across the country have consistently said they have prospective buyers but access to fund has continued to hinder their desire to own a house.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d3d6639 e-con-full e-flex e-con e-child\" data-id=\"d3d6639\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4d99684 elementor-widget elementor-widget-text-editor\" data-id=\"4d99684\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The REINZ House Price Index, which evaluates the variation in the value of property in the market, has shown that the value of houses in New Zealand overall increased by 1.2%. except in Auckland. While national values increased by 7.5%, whereas in Auckland the value of houses has declined by -2.1%.<\/p><p>One year ago, the prices of houses in the median for July increased in all but four regions across the country. The national median price gained by 3.4% year-on-year to $518,000 and the New Zealand\u2019s median price, except Auckland, gained 6.1% which is about $415,838 year-on-year.<\/p><p>However, the median price has continued to fall and the days to sell trend has also continued to ease. The House Price Index is a little bit steady for the main time but is reducing compared both twelve months ago.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-40bbb96 e-flex e-con-boxed e-con e-parent\" data-id=\"40bbb96\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-de8eae4 e-con-full e-flex e-con e-child\" data-id=\"de8eae4\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ec66f0e elementor-widget elementor-widget-heading\" data-id=\"ec66f0e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"> House Sales Volume Affected By Increase Supply\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad500f9 elementor-widget elementor-widget-text-editor\" data-id=\"ad500f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The volume of houses for sale across the country rose by 1,441 (7%) compared to 12 months ago, in addition, the volume of houses for sale in the Auckland region enhanced by 2,648 (49%) which means buyers have more choices to make. Except for Auckland, the volume of houses for sale declined by 1,207 (-8%)showing the effect Auckland has on the entire picture. In July 2016, the volume of houses listed for sale increased 19% in Waikato, 11% in Wellington and 10% in the Bay of Plenty. The regions with the biggest reduction in inventory were Southland (-32 percent), Otago (-25 percent) and the West Coast (-23 percent).<\/p><p>Auckland has a lot of properties available for sale, because the volume properties available has risen by nearly half. The problem is the inability of purchasers being hamstrung by finance and LVR restrictions. In the lower South Island, listings have reduced which makes it harder for investors and first-time buyers to bid for properties.<\/p><p>The number of days to sell increased by a day in the month of July, from thirty- eight days in June to thirty-seven days in July. The number of days to sell also reduced by six days compared to July last year. For the past ten years, the minimum number of days to sell in July for Auckland has always been thirty-five days. Recently, Auckland has twenty-three weeks of inventory, an increase of thirteen weeks when compared to July last year.<\/p><p><strong>We are #1\u00a0<a href=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/\" target=\"_blank\" rel=\"noopener\">Auckland House Buyers<\/a> company, contact us for free consultation.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>House Sales Drop Nationwide, Where To next? Get Your Free Property Assessment Tell us about your property \u2014 it takes about 2 minutes. No obligation. No pressure. We&#8217;ll usually be in touch within 24\u201348 hours. National Sale Volumes Plummet! Would Prices Be Next? Recently the volume of houses sold has dropped drastically by a quarter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3056,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-2981","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>House Sales Drop Nationwide, Where To next? - We Buy Property<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Sales Drop Nationwide, Where To next? - We Buy Property\" \/>\n<meta property=\"og:description\" content=\"House Sales Drop Nationwide, Where To next? Get Your Free Property Assessment Tell us about your property \u2014 it takes about 2 minutes. No obligation. No pressure. We&#8217;ll usually be in touch within 24\u201348 hours. National Sale Volumes Plummet! Would Prices Be Next? 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