House prices hit fresh records as sales stepped up in December

Thu, 16 Jan 2020

The housing market ended 2019 on a high note with house price inflation continuing to accelerate in December as prices hit fresh records both nationally and in all but two out of 12 districts.In addition, sales volumes were at their highest level for a December month in three years, despite a further tightening of supply, according to the latest figures from the Real Estate Institute of New Zealand.The 6,285 properties sold in December were 12.3 percent higher than in the previous December with activity being particularly strong in Auckland whe...

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