The Real Estate Institute of New Zealand (REINZ) has released its January house price results, which registered the second consecutive monthly drop in values, but an acceleration in annual growth.
In the month of January, the national stratified median price fell by 1.0% to nearly $455,000. Prices fell by 1.2% in Auckland, 1.1% in Christchurch and 0.6% in Wellington. Over the quarter, however, prices rose by 1.2% nationally, with increases recorded in Auckland (+1.6%) partly offset by falls in Christchurch (-2.4%) and Wellington (-2.6%).
