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New Zealand Median house prices dropped in most parts of the country in December
The median price of homes sold in Auckland dropped back for the second month in a row in December, according to the latest figures from the Real Estate Institute of New Zealand. Auckland's median price was $840,000 in December, down from $851,944 in November and $868,000 in October. The number of homes sold in Auckland in December was also well down on a year ago, with just 1873 Auckland homes selling in December compared with 2225 in December 2015, making for a dismal start to the usually buoyant summer selling season. The median price and sales volumes were also down in the Waikato/Bay of Plenty region, with the ... (full story)