13 Jun 2011

House sales rise in May - REINZ

8:35 pm on 13 June 2011

House sales rose to 5,766 in May, a seasonally adjusted rise of 16% compared with the previous month.

The Real Estate Institute says the national median house sale price fell 3% to $350,000, while the average number of days to sell a property rose from 43 days to 45 days.

ASB economist Chris Tennant-Brown says Auckland continues to perform strongly, while other parts, like Northland, and the South Island, are flat.