House sales continue slide
House sales in June continued to drag their heels, although the national median price was supported by housing-short Auckland and Christchurch.
Figures from the Real Estate Institute of New Zealand showed the number of house sales fell 6.1 per cent in the year to June and 12.3 per cent on the previous month.
Houses were taking 39 days to sell, five days longer than a year ago.
But the national house price continued to defy gravity at $427,250, virtually flat against May but up 8.4 per cent on a year ago.