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Turnover drops, prices stagnate: REINZ data

Monday 16th of June 2014

There were 6572 sales in May, up 15.9% from April but down 14.8% on May 2013.

The national median price was $430,000 in the month, up almost $40,000 on the same month the year before but down $2250 on April.

The year-on-year increase may have been skewed by a change in composition: The total number of sales was down 14.8% compared to May 2013, but the number of sales below $400,...

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