Sellers Losing Ground Nationwide | Auckland News

Sellers across the country are taking major losses—over 13% of homes sold in Q2 went for less than original purchase price, a 12-year high—with Auckland and Wellington hit hardest. Nationwide, sellers lost a staggering $159 million, averaging $60K per loss, while profits averaged $280K—but only for those who held onto properties for record 10.4 years. Apartments are especially struggling, with nearly half selling at a loss. Experts warn no quick rebound is coming, as economic uncertainty and rising rates keep buyers in control. Prices may stabilize but won’t climb anytime soon. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c44d6a86e025d235