Housing market healthy not feverish: NBNZ

"House prices have been growing at a steady clip – around 6% on last year," the bank says. The number of days it takes to sell a house has dropped from 71 a year ago to 55 last month and the higher turnover has brought about a perception that the housing market has been performing extremely well, it says.
"However, we’d prefer to describe activity in the housing market as strong or healthy rather than feverish."...
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