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Median house price up but sales numbers fall

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Real Estate Institute of New Zealand  REINZ  REINZ Housing Price Index 

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The number of residential property sales fell in June, although the median price edged up, latest figures from the Real Estate Institute of New Zealand (REINZ) show.

The REINZ's housing price index -- basically an average of sale prices for common groups -- also rose last month, gaining 0.6 percent.

Compared to 12 months earlier, the index was 4.2 percent higher in June, while being 4.5 percent below the November 2007 peak.

The national median dwelling price last month was $352,500, compared to $350,000 in May and $340,000 in June 2009.

Read this news article on NBR New Zealand.


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