NZ median house price eases in April, number of sales tumble

Thu, 11 May 2017

By Rebecca Howard May 12 (BusinessDesk) - New Zealand's median house price eased slightly in April and while prices held up better outside the nation's largest city of Auckland, the number of sales took a tumble as wet weather and holidays curbed buyer interest, according to the Real Estate Institute. The national median house price was $540,000 in April, down 0.5 percent versus March when the price was $542,500. Prices were up 10 percent on the year. In Auckland alone, prices dipped 5.6 percent on the month in April and were up 3 percent...

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