The REINZ House Price Index declined by a further 1.3% in August and and is now down 5.8% compared to a year ago. The REINZ noted prices in August were "weaker than expected." "Since the peak in November 2021, we have seen median prices ease, REINZ Chief Executive Jen Baird said. "These are the greatest six month drops in prices each has experienced since REINZ records began in 1992," she said. The interactive charts below show the full regional median price and sales volume trends.

Source: New Zealand Herald September 13, 2022 00:04 UTC