- House prices in Christchurch and much of Canterbury are flattening off as the city’s housing market stays quiet.
Despite the arrival of spring, figures on listings, values and prices all indicate a lack of market heat.
Listings website realestate.co.nz said the number of new listings in Canterbury during September was 15 per cent lower than in September last year. The average asking price was $471,000, down 2.5 per cent from the previous month.
The Real Estate Institute’s latest report put Canterbury’s median house sale price at $420,000 for August, down from a record high of $435,000 in May.
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KIRK HARGREAVES/FAIRFAX NZ
Christchurch’s hill suburbs have had the biggest increase in values in the past year.
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