New Zealand home sales and prices ease in January By Reuters
© Reuters. FILE PHOTO: Residential homes can be seen along a road in a suburb of Auckland in New Zealand, June 24, 2017. REUTERS/David Gray
WELLINGTON (Reuters) – Compounding factors are influencing falling house prices and sales in New Zealand, the Real Estate Institute of New Zealand (REINZ) said on Tuesday.
The national median home value fell 2.2% in January from the previous month, according to REINZ.
Seasonally adjusted nationwide median home prices edged up 1.4% in January from December and were up 20.3% year-on-year, according to REINZ.
The number of residential property sales fell 28.6% in January, from 5,135 in January 2021 to 3,665.
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