Ongoing strong demand drove robust sales volume growth in the residential property market during November with the number of sales up 24.1 per cent on November 2011. The national median house price is at a new record of $383,250. The Chief Executive of the Real Estate Institute of New Zealand (REINZ), Helen O’Sullivan, says that despite a surge in new listings during spring, demand continues to outstrip supply in key markets such as Auckland. “The activity in the Auckland market is now starting to see some spill over into other parts of the country, with increased buyer activity, although there are some remaining ... (full story)