The average house price in provincial South Island is holding steady at $382,493 for October, up just 1% on the same period last year.
That comes on the heels of September’s jump in average price by 19% compared year on year.
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The latest national residential property figures from Harcourts NZ show a fluctuating market, that, while moving slower than this time last year, is still returning good results for buyers.
The average house price in Auckland was $963,359 in October, an increase of 4.73% when compared to the same period last year.
Harcourts CEO Chris Kennedy says the fact that the average price is up when listings and sales have slowed indicates there are still plenty of buyers in the market prepared to spend on the right property.
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