House price inflation moderated slightly, sales down 22%

Thu, 11 Nov 2021

Continued low listing numbers into the usually buoyant spring period translated to a slight moderation in house price inflation to 29.9% in October from 30.4% in September but sales in the latest month fell 21.7% compared with October last year, Real Estate Institute data shows.The institute's house price index climbed for the 15th consecutive month and was up a third in areas outside of Auckland. Auckland, which remained at a higher level 3 lockdown setting than most of the rest of the country, saw its price index climb 25.7% year-on-year....

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