National house prices now down 16.2% from Nov 2021 peak

National house prices now down 16.2% from Nov 2021 peak
The number of days it took to sell a house in February nationwide jumped to 60 days. (Image: Getty)
Staff reporters
House prices rose 0.1% in February nationwide, and by 0.3% excluding Auckland, compared with January, but the annual decline increased to 14.2%.According to the Real Estate Institute’s house price index, the national decline from the November 2021 peak is now 16.2%, the same peak-to-present level as in January when the annual decline had been 13.9%. Sales volumes nationally were down 31.1% at 3,964 compared with February last year while sales in Auckland were down 41.4% at 1.049 from February last year.The number of days it took to s...

More Property

Townhouse sold for $275k profit in three weeks
Property

Townhouse sold for $275k profit in three weeks

The sale is one of a number involving a Barfoots agent and a property flipper.

Maria Slade 16 May 2025
Summerset launches $100m bond offer
Property

Summerset launches $100m bond offer

Summerset Group has launched a six-year bond offer to fund the repayment of previously issued debt. The retirement village and aged care company told the market on Monday that it is raising up to $100 million, with the potential to accept an additional $50m in oversubscriptions. ...

Staff reporters 12 May 2025