Agency rubbishes talk of mini-boom
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Stephen Miles and daughter Saffron check out an open home in their area. Photo / Greg Bowker
Descriptions of the New Zealand real estate market having a mini-boom are absolute rubbish, according to agency First National.
Real Estate Institute statistics out last week showed the national median price hit $355,000 last month, a 10-year high.
Bank economists are warning of measures needing to be taken against another housing boom and some commentators are saying it's a "seller's market".
First National general manager John Stewart said there was no boom and talk of a seller's market was rubbish.
"There are a few well-presented houses in each market sector, suburb and price bracket that people are fighting over but there are fewer houses selling overall.
