“Just” 0.9% rise in a month equates to 12% per annum.
I would have thought that was a pretty solid result.
As things appear now we have have the makings of another boom - hard as it is to believe.
It is going to be an interesting year.
December house sales up 20 pct
Last updated 12:30 18/01/2012
Property sales nationwide were up 20 per cent in December compared with a year earlier but prices rose less than 1 per cent, the latest Real Estate Institute of New Zealand data shows.
With 5136 unconditional sales, there were 919 more houses sold nationwide in December 2011 than in the same month last year. This was the most transactions for the month of December for any year since the market last peaked in 2007.
All regions except Wellington and Hawke’s Bay saw significant improvements during the period.
However, in December nationwide prices rose just 0.9 per cent, or $3000, from a year earlier to a national average sale figure of $355,000.