Median prices for residential property across the country. They increased 23.8% from $747,000 in November 2020 to $925,000 last year — a new record high. The median house price for New Zealand, excluding Auckland, increased annually by 26.0% from $615,000 to a new record of $775,000.
The median property price in Auckland increased 26.2% annually from $1,030,000 in November 2020 to $1,300,000 in November last year.
REINZ chief executive Jen Baird says the market has settled back into its stride — returning to business as near-usual across the board. November shows an active market where property prices continue to increase. There has been a firm property market, with all regions experiencing annual growth and 24 territorial authorities reaching new record medians.
“While the supply versus demand imbalance continues to push…