The number of sellers reducing prices in the Queenstown market trended up to five over the last 30 days, extending a three-week streak. During the same period, one sale was completed. Even as the number of sellers reducing price trended higher, months of inventory continued to climb, trending upwards for eight weeks to reach 10 months. Queenstown is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
Looking for a amazing deal on your next home? Take a look at these listings that recently had their prices slashed: