Regions hot for house sales

REINZ has released data showing there were 7291 sales last month, an increase of 5.7% compared to February 2015.

Excluding Auckland, the number of sales compared to February 2015 increased by 18% and on a seasonally-adjusted basis, total sales volumes increased 0.9% compared to February 2015.

The national median price was $450,000 for February, an increase of $20,000 or 4.7% on February 2015, and up 0.4% compared to the previous month, January.  Excluding the impact of the Auckland region, the national median price rose $33,000 to $383,000 compared to February 2015.

Record median prices were reached in Waikato/Bay of Plenty, Hawke’s Bay and Wellington and Nelson/Marlborough.