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The winter chill has impacted real estate sales volumes across the country in June but has done little to halt price rises in most regions according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).

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A year-on-year price increase of $27,000 has seen New Zealand achieve a new record median house price of $562,000 - a 5.0% increase according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).

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The number of properties sold in April 2018 across New Zealand increased by 6.6% compared to the same time last year, the highest year-on-year increase the real estate industry has seen in 23 months according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).

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The median house price for New Zealand rose 1.8% in March 2018 to reach a new record high of $560,000 up from $550,000 in March 2017 according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).

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The median house price for New Zealand rose 6.9% in February to $530,000 up from $496,000 in February 2017 according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).

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As the mercury rose during January to produce the hottest month on record, sales volumes across New Zealand rose when compared to the same time last year for the first time in seven months according to the latest market statistics from the Real Estate Institute of New Zealand (REINZ).

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