REINZ says national median house price dropped 5.3% in January to $426,000; Auckland median down 2.7%; national sales volumes up 2.6% on January 2014
The housing market slipped into more of a usual summer pattern in January, with sales volumes falling sharply from the previous month and median prices slipping.
According to the Real Estate Institute there were 4841 dwelling sales nationally in January. While this is up 2.6% on the number sold for the same month a year ago, it represents a thumping 31.5% decline on the 7064 sales recorded in December. The December figures had been the highest for that month since 2006.