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Prices up, sales down, REINZ figures show

Friday 18th of November 2005

The national median residential selling price rose to a record $295,000 in October compared with $290,000 in September and $280,000 in August.

A combination of reduced sales of cheaper properties and strength in the middle and upper markets increased the median, according to the national president of REINZ, Howard Morley.

He said the figures contradicted earlier reports this week sugges...

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