REINZ: house prices and sales volumes show Spring growth
REINZ: house prices and sales volumes show Spring growth

REINZ: house prices and sales volumes show Spring growth

26 March 2015 Colm McGrath

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.

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