Auckland house sales up 53.2% on month - REINZ

Over March the national housing market recorded a strong seasonal lift in volumes and a modest rise in the level of prices.

"The March results show real growth in volumes in the Auckland market," said REINZ chief executive Helen O'Sullivan.

She cited a number of factors for the growth in the Auckland market, including the persistent shortage of housing stock, continued weak building consents resulting in increased rental pressure and low interest rates.

"Volume growth across the rest of the country, while impressive compared with February, is more in line with seasonal trends. We are also seeing that while volumes have strengthened, prices are only showing modest changes across the country. Buyers are increasingly seeing price stability, which is giving them confidence to enter the market."