WELLINGTON: New Zealand house prices edged higher for the fourth consecutive month in July as there are signs of some buyers returning to the market, the Real Estate Institute of New Zealand (REINZ) said on Tuesday.
Seasonally adjusted median house values rose 0.2 per cent in July compared with June, but were down five per cent from year ago, REINZ data showed.
"With sales counts up this month, the national inventory level is falling. More competitive prices and a 'get in now' attitude is bringing more buyers out," REINZ CEO Jen Baird said in a statement.
Seasonally adjusted national home sales volume fell 6.2 per cent on June but were up 4.2 per cent on July in 2022. - Reuters