Hey Mav
If we looking at same data
https://www.stats.govt.nz/informatio...-2024-quarter/. I’d say property market doing quite well. Last 2 qtrs (OCA H2) sales up 14% on pcp following +6% in the previous 2 quarters. NZIER reported volumes were up 5% and 22% on pcp.
Overall numbers 12 months March up 10%
OCA sales up 38% v pcp in H1 and only 3% in H2 ….the spike in H1 and the rumour that H223 sales May have been ‘managed’ has resulted in the sales trend looking lumpy eh….goodness knows what’s going on especially when ARV and SUM had strong 2nd half.
I can sort of see where you are coming from and it will be interesting what explanations if any they come up later in the month.
Just have to wait and see