NZ house sales fall in December, prices climb to new record

Mon, 20 Jan 2014

Jan. 20 (BusinessDesk) - The number of houses sold in New Zealand fell in December from a year earlier, continuing a trend, though the national median sale price rose to a new record, according to Real Estate Institute figures. The number of houses sold fell 1.1 percent to 5,688 in December from the same month a year earlier, and were down 18 percent from November, a bigger drop than the average decline, REINZ said in a statement. The fall in sales volumes was led by Manawatu/Wanganui, where turnover dropped 37 percent, followed by a 27 perc...

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