REINZ Regional Commentaries - December 2011

Auckland Region

Compared to December 2010 sales volume was up strongly at almost 28%, with all parts of the region recording noticeable increases in sale volume, and Auckland's transaction numbers were the strongest they have been since 2006.

Volumes were lower than November (as expected given the shortened working month) and were down by almost 20% on an unadjusted basis; however, on a seasonally adjusted basis (taking into account factors such as Christmas) sales volume was up 2.4%.

After hitting a new record high median house price in November, prices eased back in December with the median house price falling $5,625. Most parts of the region also saw an easing in prices, however, Waitakere City saw a noticeable increase in the median price. Compared to December 2010 prices across the region increased by 6.5%, giving Auckland the third strongest lift in prices over this period.