YOUR HOUSE
H ouse sales slumped to their lowest in 31 years last month, excluding 2020.
The latest REINZ data shows just 4,262 houses were sold in April, down from 5,984 in March and down 15.3 per cent compared with the same month last year.
Sales are running 13.5 per cent lower than in April 1992, when 4,929 properties were sold.
Across the country, excluding Auckland, sales counts dropped 11.5 per cent over the past year and 26.9 per cent month-on-month.
REINZ chief executive Jen Baird says the figures show the continuing challenge the economic climate has put on market pace. Prices are also continuing to drop. Baird says while median prices have declined, they are moderating.
The biggest drops in prices were Northland, down 24.7 per cent compared to April last year; Auckland, down 23 per cent; Waikato, down 20 per cent; and Taranaki,
