City's house market 'back to normality'
Sunday 23 May 2004
Nelson's house market is "back to normality" after a frenetic past two years, says the Real Estate Institute in the wake of a drop in house sales.
By The LandlordInstitute spokesman Perry Hoby said a 10 percent drop in the region's house sales last month showed the market was returning to pre-2002 levels.
"It's back to normal for Nelson. It's not frenetic any more," he said.
But that didn't necessarily mean a drop in prices, since there was still solid demand from buyers, he said.
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