NZ house prices advance in January, sales activity slows

Mon, 13 Feb 2017

By Tina Morrison Feb. 14 (BusinessDesk) - New Zealand's median house price rose 9.4 percent in January, with two regions recording new records, although activity slowed, according to the Real Estate Institute. The national median house price increased to $490,000 in January from $448,000 a year earlier, the institute said. The price declined 5 percent from the December median level of $516,000, which the institute said was in line with typical patterns for quieter holiday trading. There were 4,307 sales in January, lower than the 6,533 sa...

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