NZ Property Investor

MARKET HUNKERS DOWN FOR THE WINTER

YOUR HOUSE

REINZ figures show the national median house sale price increased 1.3 per cent year-on-year, from $780,000 to $790,000, and dropped 1.3 per cent compared with March, from $800,000 to $790,000.

For New Zealand, excluding Auckland, the median price of $700,000 was the same as for April last year; month-on-month, it declined 1.7 per cent, from $712,000 to $700,000. The median national sale price has now increased year-on-year for the third consecutive month.

Despite properties selling more quickly, increased stock levels and more listings, sales dropped 17.3 per cent last month from 6,721 in March to 5,559. However, that was an increase of 25.3 per cent year-on-year, from 4,438 in April last year to 5,559 in the same month this year.

‘Below the flat national

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