The Clutha district had a more than 30% increase in prices, rising from $190,000 a year ago to $250,000. PHOTO: RICHARD DAVISONHouse sales across Dunedin, Central Otago and the Queenstown Lakes District picked up in May, as did median prices, which were up in a range from 8% to almost 19%. Around Otago and Southland, the majority of median house price gains were at least double-digit. "Open home attendances are still good but with fewer than expected listings coming to market, choice is again becoming limited," she said. The number of residential properties sold across New Zealand in May fell by 7.8% from the corresponding time last year, from 7876 to to 7263, although month-on-month, the number of properties sold increased by 20.1%.

Source: Otago Daily Times June 14, 2019 16:36 UTC