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The 2018 year ended with a fizz rather than a bang, with the lowest number of residential properties sold for the month of December for 7 years according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).

Vendors from around the country have been delivered an early Christmas present with record median prices achieved in six regions and another record median price set for the country in November according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).

The number of residential properties sold across New Zealand increased by 15.5% year-on-year - the highest number of sales in five months according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).

The low number of new listings in July has meant that the number of houses sold in New Zealand during September decreased by -3.0% year-on-year according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).

Volumes are up nationally but there are mixed results around the country. The number of houses sold in New Zealand during August increased by 3.1% or an additional 188 properties when compared to the same time last year according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).

House prices across the country have continued to rise in July with a 6.2% increase year-on-year with a median price for the country of $550,000 according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).