NZ house sale volumes climb to 6-year high in March, prices rise to new record, REINZ says

Thu, 11 Apr 2013

April 11 (BusinessDesk) - The number of New Zealand house sales rose to a six-year high last month and prices touched a new record as Auckland continued to drive up the national average. Some 8,128 houses were sold in March, up 23 percent from February and 11 percent from the same month a year earlier, according to the Real Estate Institute. The national median price rose an annual 8.1 percent to $400,000, the first time it's broken the $400,000 mark. About 90 percent of the increase in the median price has come from Auckland and Canterbury...

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