April Sales Numbers Slip But Up 25% Over 12 Months

Well what do you expect? April was a shorter month what with the Easter break in the middle and colder wet weather which didn’t help. Statistics are not a straight line but go up and down. Trends over time are the more important.

House sales come off highs in April, still driven by Auckland, Christchurch
Paul McBeth | Monday May 13, 2013

The number of New Zealand house sales slipped from a six-year high last month, with prices deflating a little, though the national market is still being driven by the country’s two biggest cities, Auckland and Christchurch.

Agents sold 7104 houses in April, down 13 percent from March, though up by 25 percent from the same month last year, according to the Real Estate Institute.

The national median sale price slipped 2.4 percent to $390,500 in April, though were up 7 percent from 2012. Of the annual gains in the median sale price, about 92 percent has come from Auckland and Christchurch.

“Auckland and Canterbury remain the two regions driving the national median price, a point recognised by the Reserve Bank,” chief executive Helen O’Sullivan says in a statement.

Read the rest here:

http://www.nbr.co.nz/article/house-sales-come-highs-april-still-driven-auckland-christchurch-bd-140023

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