NZ house sales, prices rise in May on Auckland, Canterbury strength

Mon, 11 Jun 2012

(Corrects median house price in Canterbury in sixth paragraph) By Paul McBeth June 12 (BusinessDesk) - New Zealand house sales and prices both rose last month on the continued strength of the Auckland and Canterbury property markets, according to Real Estate Institute figures. The number of sales rose 24 percent to 7,175 in May compared to the same month a year ago, and was up from 5,676 in April, REINZ said in a statement. The national median sale price rose 5.4 percent to $369,000, and was up $4,000 from a month earlier. The REINZ stra...

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