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New Zealand house prices rose 2.3% yearly in November to $808,000, despite falling sales.
New Zealand house prices rose 2.3% year-on-year in November, reaching a median of $808,000, despite a 5.7% drop in sales compared to November 2024.
The Real Estate Institute attributed price stability to sustained demand, though sales activity slowed, with Auckland, Nelson, and Canterbury seeing declines.
Regional results varied, with Northland and Hawke’s Bay posting gains.
The Treasury forecasts a slowdown in house price growth to 1.9% by June 2026, followed by accelerating increases through 2030.
Market conditions remain cautious, with rising listings and flat prices expected in the near term, though lower interest rates and improved lending may boost confidence.
Los precios de la vivienda en Nueva Zelanda aumentaron un 2,3% anual en noviembre a $808,000, a pesar de la caída de las ventas.