Property values fell in December, outlook ‘subdued’

The CoreLogic index recorded a 0.4% fall for Auckland property values in December. (Image: Deposit Photos)

Fri, 03 Jan 2025

The housing market has declined for nine of the past 10 months, with values dipping 0.2% in December, according to an index maintained by CoreLogic.The property data and analytics provider said on Friday that the national median house price for December was $803,624.This was down 3.9% on a year ago.CoreLogic NZ chief property economist Kelvin Davidson said a further decline in the index for December was an apt summary of 2024.“Since the mini-peak back in February, property values have drifted lower at a modest pace, initially reflect...

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