New data from the Real Estate Institute of New Zealand (REINZ) show a modest year-on-year dip in the national median price, although most regions saw median prices lifting year-on-year, and values remain broadly steady as listing numbers increase.
The median price for New Zealand decreased by $4,000 (-0.5%) year-on-year, to $761,000. Excluding Auckland, the median price increased by 1.5% year-on-year to $690,000.