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19 Feb 2026 10:53
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      Home > News > Business

    The resale value of residential real estate... is slightly weakening

    The resale value of residential real estate... is slightly weakening


    A CoreLogic report shows the median profit dipped to 406 thousand dollars in the three months to March, down from a record high of 435 thousand in 2021's last quarter.

    Chief Property Economist Kelvin Davidson says while the figures have softened consistent with the wider market slowdown, the fall is only minor.

    He says it may be some time before we see more substantial declines in profit-making resales.

    © 2026 Newstalk ZB, NZCity

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     19 Feb: The Reserve Bank says we may be seeing a fundamental change in the way our economy operates
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     18 Feb: The Reserve Bank's kept the OCR unchanged at 2.25 percent - and expects it'll stay there for most of this year
     18 Feb: Disagreement within the Reserve Bank, on how soon to again raise the Official Cash Rate
     18 Feb: The Reserve Bank's kept the Official Cash Rate unchanged at 2.25 percent
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