Median prices for residential property across New Zealand increased by 23.8% from $747,000 in November 2020 to $925,000 in November 2021 — a new record high.
“House prices in Canterbury are rising steadily and reached a record median price in November of $690,000 — up 31.4% year-on-year — the region’s sixth consecutive record median… Buyers are struggling to secure finance, which has resulted in more vendors looking for cleaner offers” – Jen Baird REINZ CEO
With increasing interest rates and difficulty to attain finance 2022 may be a different forecast.
Compared to November 2020 • Median Price up 31.4% • Sales Count down 15.9% • Days to Sell decreased 1 day
Compared to October 2021 • Median Price up 3.8% • Sales Count up 5.8% • Days to Sell decreased 2 days
*Sourced from REINZ (Real Estate Institute New Zealand)
Δ
