'Normal' seasonal housing upturn on the cards

Activity in the housing market seems to be picking up. (Image: BusinessDesk)

Thu, 12 Oct 2023

The latest numbers from the Real Estate Institute of New Zealand could herald a post-election bounce-back for the housing market. The institute’s price index, as a measure of house price inflation, was up 0.7% in September on the prior month – although still down 3.3% over 12 months – with sales up 5.1% on last September’s at 5,439. The Real Estate Institute of NZ's (Reinz) chief executive, Jen Baird, pointed to a 2.3% improvement in the median sale price month-on-month to $785,000 as being t...

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