NZ house prices slip from record in January, volume has seasonal dip

Mon, 11 Feb 2013

Feb. 12 (BusinessDesk) - New Zealand house prices eased from a record last month while the volume of sales had a seasonal dip compared to December, according to the Real Estate Institute. The national median house price fell 4.9 percent in January from December to $370,000 and was 4.2 percent higher than in January 2012. The median price in Auckland rose 8.1 percent from January last year. The REINZ Stratified House Price Index, which smoothes out peaks and troughs in median prices, fell 1 percent from December to be up 7.2 percent from the...

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