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 Landlord

Institute 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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