logo
Plus   Neg
Share
Email

New Zealand House Sales Fall, Prices Rise In April

New Zealand's house sales declined in April from a year ago, while prices increased, the Real Estate Institute of New Zealand reported Tuesday.

The volume of home sales declined 11.5 percent from a year ago to 5,800 in April. This was the lowest sales volumes for the month of April in 5 years.

In Auckland, the number of sales plunged 16.3 percent to 1,608, the lowest for the month of April in 11 years.

The national median house price index climbed 6.4 percent year-over-year to NZ$585,000 in April. Median house prices in Auckland remained exactly the same as April 2018 at NZ$850,000.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT