The national housing market recorded a lift in volumes during the month of April, with the seasonally adjusted number of sales up 3.0% compared to March, according to REINZ figures, the most up-to-date data on the New Zealand real estate market. Across New Zealand 4,987 unconditional sales were reported for the month of April as the market came off the traditional March peak. The national median house price eased by $5,000 to $360,000 from March 2011, but was up $4,000 compared to April 2010.
“The April results reflect a steady market across New Zealand with signs of a lift in prices in the South Island, and Auckland prices still solid with limited supply ,” said REINZ Chief Executive Helen O’Sullivan, “Volumes across the country were stronger than we expected on a seasonally adjusted basis, with only Manawatu / Whanganui and Wellington showing negative volume movements. The results reflect some cautious optimism with no great outbreak of smiles but certainly fewer frowns.”