Median house prices and sales volumes have grown across New Zealand during November. The national median sale price reached a new record of $520,000. 10 of 12 regions in New Zealand hit new record high median sale prices in November 2016 - only Auckland and Central Otago Lakes did not post new record median prices. The number of sales for November 2016 was 7,576, an increase of 13% on October. Sales volumes fell 6% compared to November 2015. On a seasonally adjusted basis sales for November fell less than 1%.

Real Estate Institute of New Zealand (REINZ) spokesperson Bryan Thomson says: “Sales volumes and prices have recovered in November. For the first time, our map has been dark blue across the entire country, depicting strong year-on-year price growth or record prices in every region, and double-digit growth across the entire North Island. The nationwide median price has also hit a new high.