New Zealand house prices fall but activity up -REINZ
Reuters
Published Dec 12, 2023 03:44PM ET
By Lucy Craymer
WELLINGTON (Reuters) - New Zealand house prices fell in November, but more broadly sales activity is improving with more listings coming to market and houses selling more quickly, the Real Estate Institute of New Zealand (REINZ) said on Wednesday.
Seasonally adjusted median house prices fell 1.0% in November compared with October, and were down 2.0% from a year earlier, REINZ data showed.
Seasonally adjusted national home sales volumes rose 0.8% from October and were up from 16.6% from November 2022.
REINZ Chief Executive Jen Baird said in a statement that November continues the trend of slow and steady improvement in property market activity now that the country is past the election and heading into more active months in the property cycle.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.