House prices rose in February but sales volumes fell 9.5%

Wed, 13 Mar 2019

By Jenny Ruth March 13 (BusinessDesk) - House prices rose in most parts of the country except in Otago and Southland in February but the number of residential properties sold in the month fell 9.5 percent in what is normally a month of strong activity. Real Estate Institute figures show its house price index increased 1.6 percent in February, boosted by a 1.7 percent rebound in the still sluggish Auckland market. The index is up 3.2 percent nationwide from February last year. Auckland prices are down 2 percent from a year ago, but pric...

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