Listings are still on the increase in the market across the South Island increasing from 219-278 (26.9%) for the August 2017 v August 2018 period.
Read more HERE
The average sale price reflects a 7.96% increase on September 2017 to rise from $404,962 to $437,1865.
The average house price has increased by around $48K (12.6%) on the same period in 2017 with the July 2018 average sitting at $429,234.
The South Island provincial market is remaining stable at sub $400,000 with the average house price in May 2018 of $390,711.
The average house price in the provincial South Island rose to $469,789 last month. This is a 15.4% increase on April 2017 prices.
Licensed under the Real Estate Agents Act 2008
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