House prices took a tumble in December, finishing the year on a soft note, according to the latest data from the Real Estate Institute of NZ. The REINZ House Price Index declined -1.1% overall in December compared to November, led by lower prices in the Auckland market, where prices were down -2.3% for the month. The REINZ HPI was developed in conjunction with Reserve Bank as is considered the most reliable indicator of current price movements in the housing market. REINZ House Price Index - December 2023REINZ Regional House Price Index - December 2023•You can have articles like this delivered directly to your inbox via our free Property Newsletter. To start receiving them, register here (it's free) and when approved you can select any of our free email newsletters.
