Thursday, May 13, 2010

Stable NZ Property Market Despite April House Prices and Sales Falling

Despite the Monthly Housing Price Index for April 2010 falling by 0.4 per cent, the property market remains reasonably stable. By comparison with 12 months previous, the price index has risen by 6.2 per cent. House prices are still 3.7 per cent under their peak in November 2007.

Northland showed the largest increase in the value of residential properties that were sold in April 2010. The average value increased 10.4 per cent to $320,250.

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