PHOTO: REINZ
Today, New Zealand’s REINZ has released its Monthly Property Report and HPI Monthly Data which provides a market-leading level of detail and understanding of housing activity in New Zealand. Across New Zealand, the median price for residential property (excluding sections) decreased 10.9% annually to $780,000 in April 2023.
REINZ Chief Executive Jen Baird says April tends to be slow due to public and school holidays, and it’s clear those factors combined with a tight economy are still influencing the market.
“Overall, median prices have decreased across New Zealand but are moderating, sales counts have eased annually, and inventory levels have stabilised,” adds Baird.
The full data sets are available by clicking the links below.
CLICK HERE for the April press release
CLICK HERE for the full property report
The number one advantage between REINZ data and other housing data on the market is that REINZ has access to sales data from the time the price is locked in (unconditional data) as opposed to when the house changes hands (settlement date) which can often be weeks or months later. Therefore, REINZ data is the best and most timely measure of recent housing market activity.
MOST POPULAR
- THE ANCIENT STONE CITY: Proof of NZ civilisation before Kupe
- Real Estate brands battle it out over salesperson
- How rich is the UK royal family? | WATCH
- Duncan Garner is divorced, lives with his mother and recently had to sleep in his car
- Homeowner’s brutal swipe at real estate agents as he attempts to make history with Private Sale | WATCH
- IRD ordered to pay $75,000 for breaching real estate agent’s rights
- Claims about Jacinda Ardern’s wealth
- A HUTT boy set to become NZ’s next Prime Minister
- Abandoned land for sale
- New Zealand real estate agents abandon sinking housing market