Sellers' market now seen in real estate

There are further signs of an improvement in the housing market, with real estate agents indicating it may now be a sellers' market for the first time in four years.

The BNZ-Real Estate Institute Residential Market Survey found a record net 15% of respondents fell buyers are more motivated than sellers.

In addition, a record net 27% of real estate agents note they are observing more investors in the market, compared with a net 19% in the previous month.

The number of people going through open homes fell to its lowest level since December, while fewer people asked for appraisals.

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