YOUR HOUSE
Some parts of the country are showing an increase in sales while buyers and sellers in other parts continue to wait, the latest REINZ data show.
In May the median price dropped 8.2 per cent year-on-year to $780,000, but there was no change monthonmonth. New Zealand, excluding Auckland, had a drop in the median price of 6.5 per cent to $685,000 and a 2.1 per cent decline month-on-month.
In the regions, Nelson had the biggest median price rise in May at 2.7 per cent year-on-year and 6.9 per cent monthonmonth to $770,000. The West Coast had another increase with a month-onmonth rise of 3.1 per cent.
Two districts reached record median prices: Grey District with a 18.7 per cent increase year-on-year ($400,000) and Waitomo District taking top spot with a 53.4 per cent increase year-on-year ($655,000).
The total number of properties sold across NZ last month was 5,752, down from 5,776 in May 2022 (-0.4 per cent), and up 30 per cent month-on-month. For NZ,
