YOUR HOUSE The latest REINZ data show the median house price across the country dropped 12.9 per cent annually to $775,000 in March. At the end of March, the total number of properties for sale was 29,284, up 3,625 properties (+14.1 per cent) year-on-year. The total number of properties sold was 5,877, up from 4,113 in February (+42.9 per cent), and down 15 per cent yearon-year.
The House Price Index showed an annual decline of 13.1 per cent. REINZ chief executive Jen Baird says there is no denying the current economy is influencing market activity, but there are clear signs the market is in the lower phase of the cycle. “With nearly 6,000 properties sold, vendors who are motivated to sell are meeting the market with more realistic expectations on…