REINZ Residential Press Release – January 2016

REINZ Jan

First Home Buyers Active Over Summer Break Summary

• 5,048 dwellings sold in New Zealand in January 2016, up 4.3% on January 2015 and down 31% on December, although on a seasonally adjusted basis the number of dwelling sold rose by 9.7% compared to January 2015, and fell 5.1% compared to December.

• National median price of $448,000, up $22,000 (+5.2%) on January 2015 and down 3.7% on December

• New record national median prices in Hawke’s Bay and Taranaki, with Canterbury/Westland equalling its record median set in April 2015. • An 18% rise in the number of sales over $1 million between January 2016 and January 2015 – from 360 to 423

• 20,065 dwellings sold by auction in the 12 months to January 2016, representing 22.1% of all sales, an increase of 45% in the number sold by auction in the 12 months to January 2015.

VIA REINZ

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