Real Estate MarketWatch July 2011

The signs of a recovering real estate market have been tainted with a potential
housing shortage crisis this month. Harcourts’ June figures show increased
activity in the lower end of the market with written sales increasing due to better
buying conditions. The national average volume of new properties entering the
market is down 13%; reducing the already scarce pool of choice for buyers by
the elimination of over 5100 homes in national circulation from the Christchurch
market. Given this, the time to sell really is now and buyers should act before a
decrease in affordability arrives.

Read more:  Hardcourts MarketWatch