Reinz property results: Queenstown hits median of $1.55m as national sales improve

There are lots of property listings and high stock levels, but prices are still high – particularly in Queenstown. (Image: BusinessDesk)

Brent Melville

Thu, 14 Mar 2024

Home sellers will be given cheer by the latest moderately positive sales and listing numbers from the Real Estate Institute, with the price index up 1.1% from January to February and 3.2% over the past 12 months.It’s still better news for house hunters, however, on the back of a “substantial” 60.4% jump in listings to 11,788 nationally, leaving inventory levels at 31,424 homes, up 8.1% or 2,341 homes on last February. The Real Estate Institute (Reinz) sales numbers of 5,693 last month were also up 81.8% on what was a gene...

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