CORRECT: Auckland housing market slows in October as rules tighten, REINZ says

Tue, 10 Nov 2015

By Tina Morrison Nov. 10 (BusinessDesk) - The Auckland housing market slowed last month following the introduction of new restrictions, according to the latest industry figures. The city's median price slipped 3 percent to $748,250 in October from September, and the volume of sales dropped 19 percent to 2,546, the Real Estate Institute of New Zealand said in a statement. Auckland houses took an average 31 days to sell in October, up from 29 days in September although unchanged from October last year. For the year to October, the median...

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