New Zealand house prices rise in November as demand stable
Tweet
Share
E-mail
Residential houses can be seen along a road in a suburb of Auckland in New Zealand, June 24, 2017. Picture taken June 24, 2017. REUTERS/David Gray
WELLINGTON, Dec 16 (Reuters) - New Zealand home prices increased in November as underlying demand remained stable, the Real Estate Institute of New Zealand (REINZ) said on Tuesday.
Seasonally adjusted median house prices in November edged 1.2% higher from October and were up 2.3% on the previous year, REINZ data showed. National home sales, however, fell 4.6% from October and were down 5.7% compared with November 2024.
"Despite the slower sales pace, median prices have remained largely resilient, supported by a stable underlying demand," REINZ CEO Lizzy Ryley said in a statement.
(Reporting by Lucy Craymer; Editing by Jamie Freed)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- OpenAI IPO will not happen in 2026 amid AI safety fears, Altman says
- Anthropic CEO urges AI companies to slow model development amid fears over misuse
- BRICS adopts joint declaration, urges 'maximum restraint' in Mideast
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
