Real Estate Institute of New Zealand (REINZ) data on the New Zealand housing market for June 2011 showed 5,229 unconditional sales for the month, up by 654 sales on June last year.
The volume of sales for June 2011 was 537 sales lower than the May 2011 figures, a decline broadly in line with normal seasonal patterns. The national median house price rose by $10,000 to $360,000 (+2.9%) with some significant regional variations within this movement.
While volumes trended downwards from May 2011 in line with the seasonal pattern, there was a strong lift in volumes compared to June 2010 with Nelson/Marlborough, Auckland and Waikato/Bay of Plenty all recording increases of more than 20%.
The information in this article was current at 27 Mar 2012