http://nz.biz.yahoo.com//091101/3/ffs9.html

The traditional spring property sales surge has failed to materialise, the realestate.co.nz chief executive Alistair Helm says.

A monthly survey of market activity, the New Zealand Property Report, shows listings are up only 7 percent to 13,550 compared to a 21 percent rise at the same time last year and 16 percent in 2007.

"We are seeing a certain confidence in the market through people searching on the site and also people listing their property, Mr Helme said.

"But the seasonal uplift in listings has not happened as it did in years gone by."