Housing market rebounds sharply; caution required

Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's latest data show 6,625 houses were sold in June, up 7.1 percent from a year earlier and up more than 60 percent from May. That was helped by a 19.7 percent jump in new listings of houses available for sale. The institute's house price index, excluding Auckland, was up 9.5 percent from June last year and reached new highs through the central Nort...

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