The Real Estate Institute of New Zealand (REINZ) data for April
– House sales +18.4% y/y (prior +8.2%
– Median house prices +7.7% y/y
Comments from REINZ:
–
Sales volumes hit new levels and median house prices reached new record highs across more regions of New Zealand than ever before
Check out the 4th bullet – “properties for sale has fallen by over one third over the past 12 months”.