20 Sales Volumes Regional Sales Volumes Year-on-Year Nationwide sales volumes continue their downward slide, a trend that started a year ago. March bounced up both seasonally and in response to a brief surge in demand in late February and early March. April had Easter and ANZAC day in close proximity which will have led to many people taking extended holidays, likely impacting house sales activity. The slowdown in sales activity is particularly evident in Auckland which over the past three months is over 30% down on the same time last year. While the impact of the slowdown lessens as you move south, it is nevertheless nationwide. This slowing sales activity follows the drop in demand we have seen, and falling sales activity usually means less upward price pressure. Nationwide Sales Volumes Nationwide Annual Change in Sales Volumes