REINZ Residential Press Release – February 2016

Summary • 7,291 dwellings sold in New Zealand in February 2016, up 44.4% on January and up 5.7% on February 2015.

This is the highest number of sales in February for nine years.

• On a seasonally adjusted basis the number of dwellings sold fell by 1.67% compared to January.

• National median price of $450,000, up $20,000 (+4.7%) on February 2015 and up 0.4% on January

• New record national median prices in Waikato/Bay of Plenty, Hawke’s Bay, Wellington, Nelson/Marlborough and ‘New Zealand excluding Auckland’.

• A 17% rise in the number of sales over $1 million between February 2016 and February 2015 – from 577 to 675

• 20,093 dwellings sold by auction in the 12 months to February 2016, representing 22.1% of all sales, an increase of 43% in the number sold by auction in the 12 months to February 2015.




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