NZ median house price rises 6.7% in May; activity slows, REINZ says

Tue, 13 Jun 2017

By Tina Morrison June 14 (BusinessDesk) - New Zealand's median house price rose an annual 6.7 percent in May, with four regions recording new records, although activity slowed, according to the Real Estate Institute. The national median house price increased to $540,000 in May from $506,100 in May last year, the institute said. It was unchanged from April. Sales volumes fell 18 percent compared with a year ago, and the median number of days it took to sell a home increased to 37 days from 32 days. Record migration and low interest rate...

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