NZ median house price edges up 0.5 percent in June as sales volumes decline

Mon, 08 Jul 2013

July 8 (BusinessDesk) – New Zealand’s median house price rose in June to within $6,000 of its March record while the volume of sales fell nationally from the strongest May month in six years. The median house price rose 0.5 percent to $394,000 in June and seven of the 12 regions measured recorded increases, according to the Real Estate Institute. There were 6,135 homes sold last month, down 20.5 percent from May and little changed from June 2012. Days to sell improved to 34 from 35 in May. Records were still broken in the latest month. The m...

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