The Real Estate Institute of New Zealand (REINZ) has released its February house price results, which registered an increase in values nationally and across the major centres, with Auckland home values skyrocketing.
In the month of February, the national stratified median price rose by 0.8% to just over $458,000. Prices surged by 7.3% in Auckland, 2.8% in Christchurch and 2.3% in Wellington. Over the quarter, however, prices were down by 1.2% nationally, with both Christchurch (-3.0%) and Wellington (-0.7%) falling, but Auckland rising (+6.4%).
