'Biggest' six-monthly drop in house prices in 30 years – REINZ

Sale numbers were down 39% in Auckland last month. (Image: BusinessDesk)

Tue, 13 Sep 2022

Sale numbers and house prices continued to drift lower last month, reflected in an 18.3% drop in the number of sales and a 5.8% year-on-year decline in the national house price index.That was most pronounced in Auckland, where overall sales numbers dropped 38.9% from 2,418 to 1,477, according to data from the Real Estate Institute (REINZ). The national number of transactions slipped from 5,983 in August 2021 to 4,831 last month.Auckland's house price index, for its part, has fallen 9.5% over the 12-month period, with a median house pri...

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