The housing market ended the spring firmly in boom mode, with the number of sales reaching its highest level for any month of the year since March 2007.
According to the New Zealand Real Estate Institute, 9,885 residential properties were sold in November, an increase of 29.6% compared to November last year.
That was the highest number of sales for the month of November since 2006, which was in the midst of a major property boom.
The market was particularly strong in Auckland, where 3,728 residential properties were sold, a whopping 53.9% in November last year, giving the region its best November sales.
After Auckland, the largest annual percentage increases in sales were on the West Coast + 74.4%, Northland + 36.1%, Canterbury + 31.7%, Bay of Plenty + 29.5%, Nelson + 25 , 8% and Waikato + 21.9%.
Only three regions posted lower sales compared to November last year: Marlborough -5.3%, Gisborne -4.3%, and Hawke’s Bay -1.8% (see interactive chart below for full regional trends).
Prices were also setting new records, with the national median sales price rising from $ 725,000 in October to $ 749,000 in November, an increase of $ 24,000 in one month.
That means that the national average price increased 18.5% year-on-year.
Across the country, record median prices were set in 11 regions: Auckland, Waikato, Bay of Plenty, Taranaki, Manawatu / Whanganui, Wellington, Marlborough, Nelson, Tasman, Canterbury and Southland.
In Auckland, the median price reached $ 1,030,000, an increase of $ 30,000 in one month and an increase of $ 145,000 (16.4%) from November last year (see the second interactive chart below for trends full regional pricing).
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Total NZ
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Northern region
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Auckland
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Waikato
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Bay of Plenty
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Gisborne
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Hawke’s bay
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Manawatu
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Taranaki
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Wellington
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Tasman
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Nelson
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Marlborough
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West Coast
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Canterbury
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Otago
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Southland
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NZ total
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Northern region
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Auckland
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Waikato
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Bay of Plenty
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Gisborne
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Hawke’s bay
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Manawatu
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Taranaki
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Wellington
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Tasman
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Nelson
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Marlborough
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West Coast
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Canterbury
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Otago
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Southland
