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Every Monday morning, we record the number of house listings on the two principal real estate websites in New Zealand, www.trademe.co.nz/realestate and www.realestate.co.nz
From this data, we derive an index of the volume of houses for sale for that week, and the chart is of that index. We started this survey on March 24, 2008, and we set the index value to 100 as at March 31, 2008.
Although it does not show on this chart, we are also collecting regional data. Ask us if you need regional data. Also note that this is a series for house listing, and does not include lifestyle blocks.