Real estate medians higher again
Latest Real Estate Institute sales figures for December 2013 reveal higher prices on slightly fewer sales.
The new median price across New Zealand is up $2000 at $427,000 above the previous record high set in November 2013.
There were 5688 houses sold, down 1.1% on December 2012 and 18% fewer than November.
The fall from November is a regular trend but the 10-year average fall has been 13.6%.
Most regions experienced a larger decline in sales than the main cities
Manawatu/Wanganui, Taranaki and Northland saw sharpest jumps in price but in Auckland there was a $20,000 fall in the median price from November 2013.
Christchurch and other South Island centres saw new record medians and higher numbers of sales.