Strongest monthly sales volume in five years
Sales were up 25% on the same time last year and the national median house price reached a new record of $383,250, which is 4.3% up on November last year.
Auckland’s median house price increased by 1.9% compared to October, to $540,000.
For the month of November, Northland recorded the highest lift in prices in the country, with an increase of 10.8%, followed by Otago with 7.5%, and Hawkes Bay with 6.4%. But compared to November 2011, Auckland recorded the highest lift in prices with an increase of 10.2%, followed by Wellington with 5.7% and Central Otago Lakes with 4.9%.
More than a quarter of sales nationwide in November were at auction. In Auckland, 38% of houses that sold did so under the hammer.
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