NZ house sales come off highs in April, fuelled by Auckland, Christchurch

Sun, 12 May 2013

By Paul McBeth May 13 (BusinessDesk) - The number of New Zealand house sales slipped from a six-year high last month, with prices deflating a little, though the national market is still being driven by the country’s two biggest cities, Auckland and Christchurch. Agents sold 7,104 houses in April, down 13 percent from March, though up by 25 percent from the same month last year, according to the Real Estate Institute. The national median sale price slipped 2.4 percent to $390,500 in April, though were up 7 percent from 2012. Of the annual gai...

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