What slowdown? REINZ house price index rockets 26.8%

Sold! An auctioneer wraps up another frenetic month.

Thu, 13 May 2021

House sales continued to climb during April, with 7,218 homes changing hands – the highest number of houses sold in any April in five years.While comparisons with last April are largely irrelevant as that coincided with covid level 4 lockdown, with transactions limited to 1,076, the month is generally regarded as a slow one post the end of summer auction blitz. The New Zealand Real Estate Institute's (REINZ) House Price Index for New Zealand, which measures the changing value of property in the market, increased 26.8% year-on-yea...

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