New Zealand house sales see the busiest month since mid 2016
REINZ house sales rose by 25% year on year. Month-to-month sales increase by 8830 which was the busiest month since May 2016 and the best October in 14 years. This cccording to the Real Estate Inst. of New Zealand.
- Sales rose 2.5% month on month from a revised 8618
- The year on year gain was a 25%
- Auckland sales rose 5.5% for the month to 3140. That was a gain of 51% year on year
- New Zealand excluding Auckland sales rose 0.8% to 5690, a 14% gain for the year
- House price index rose by 3.5% month on month. The year on year measure increased by 13.5%
- median price (NZD) 725,000 vs. 685,000 last month.
Strong housing numbers from New Zealand
