YOUR HOUSE
REINZ chief executive Jen Baird is painting a positive picture around the data from January 2024, with 2995 properties sold – an increase of 4.9 per cent compared to last year. Even more positive is the increase in listings, which, she asserts, is a stronger indicator of a market ramp up.
Listings increased by 10.4 per cent nationally year-on-year. The biggest increases compared with previous months were in Wellington (148 per cent), followed by Gisborne (84 per cent), Canterbury (81 per cent), and Auckland at 76.8 per cent.
The total number of properties sold increased in January, rising by 16 per cent year-on-year for all New Zealand, excluding Auckland.
The national median sale price has dropped slightly from December 2023, down 2.5 per cent from $779,830 to $760,000. Year-on-year, there is a slight decline in the national median price by 0.7 per cent from $765,000 to $760,000, while New Zealand, excluding Auckland, is down by 2.1 per cent month-on-month, from $700,000 to $685,000 and up year-on-year by 0.8 per cent, from $680,000 to $685,000.
The data shows regional variation in median sale prices, with Northland topping the scale with a 21 per
