Big rise in number of homes sold in February but outside of Auckland prices are largely flat REINZ says
There was a substantial increase in the number of homes sold in February compared with February last year, the Real Estate Institute of NZ said.
REINZ said 6,898 homes were sold last month, up 12.6% on February last year.
Some of the strongest annual growth in sales numbers occurred in the Waitakere (+16.7%) and Rodney (+31.3%) districts of the Auckland region where sales volumes were up 10.1% overall.
Other regions to post strong annual growth in sales were Northland 17.1%, Waikato/Bay of Plenty 40.6%, Hawke’s Bay 11.3%, Manawatu/Wanganui 12.2%, Nelson/Marlborough 10.7% and Otago 21.8%.
But sales volumes were more subdued in Taranaki where they were down 14.6% compared with February last year