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Financial News: New Zealand House Prices, Sales Rise In April:

New Zealand House Prices, Sales Rise In April: REINZ

05/11/2018 - 00:44:00 (RTTNews)

(RTTNews) - New Zealand house prices and sales volume increased in April from a year ago, the Real Estate Institute of New Zealand showed Friday.

The national median house price index climbed 1.9 percent year-over-year to $550,000 in April. However, house prices dropped 1.8 percent, month-over-month.

In Auckland alone, house prices decreased 0.6 percent annually and by 3.4 percent monthly in April.

The volume of home sales in April grew 6.6 percent compared to the same month last year, which was the highest rate of increase in 23 months. In Auckland, the number of sales rose 2.4 percent.

Compared to March, the volume of sales plunged 19.6 percent in April.

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