Residential houses can be seen along a road in a suburb of Auckland in New Zealand, June 24, 2017.
REUTERS/David Gray/File Photo Acquire Licensing RightsWELLINGTON, Nov 16 (Reuters) - New Zealand house prices fell slightly in October but sales activity is showing a steady improvement on 2022, the Real Estate Institute of New Zealand (REINZ) said on Thursday.
Seasonally adjusted median house prices fell 0.9% in October compared with September, and were down 2.8% from a year earlier, REINZ data showed.
Seasonally adjusted national home sales volumes fell 10.7% from September but were up 4.0% from October 2022.
“Many vendors and buyers are showing confidence that it’s a better time to sell now and a good time to buy,” she said.
Persons:
David Gray, Jen Baird, ”, Lucy Craymer, Chris Reese
Organizations:
REUTERS, Rights, Real Estate Institute, New Zealand, REINZ, Thomson
Locations:
Auckland, New Zealand