REINZ Data- New Median High


Mixed Price Data and Softer Volumes in December Market- REINZ



5,688 houses sold in December 2013, down 1.1% on December 2012 New median high price for New Zealand at $427,000; $2,000 (+0.5%) above the previous record high set in November.

Waikato/Bay of Plenty, Manawatu/Wanganui, Taranaki, Nelson/Marlborough and Canterbury/Westland all reach new high median prices; the third consecutive month of record median prices for Waikato/Bay of Plenty and the fourth month for Canterbury/Westland The Christchurch and Other South Island Stratified House Price Indices both reached new highs.

More than 1 in 5 sales were by auction in the 12 months to December 2013/.

REINZ, the most up to date source of real estate data in New Zealand, announced today that there were 5,688 dwelling sales in the month of December, down 1.1% on December last year and down 18.3% compared to November. The national median price increased $2,000 compared to November to $427,000, a new record median high. Waikato/Bay of Plenty, Manawatu/Wanganui, Taranaki, Nelson/Marlborough and Canterbury/Westland all reach new high median prices.

Read the rest here:

https://www.reinz.co.nz/reinz/index.cfm?1CB561D5-18FE-7E88-42FB-507342EF7F81&obj_uuid=C7C710FE-FBBD-C8F3-02B3-9BDC9AC80666

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