REINZ regional commentaries - April 2011
Regional Commentaries - April 2011
Auckland Region
The Auckland region median house price reached an all time high of $479,500 in April underlining the supply/demand dynamics that have been evident in the Auckland market for some months. Across the region prices rose 2.0% with strength being shown in Auckland City and Manukau City, while North Shore prices have eased after a strong run in February and March. Sales volumes eased back in April 2011 compared to March 2011, although in seasonally adjusted terms April's volumes were down only 0.3% compared to March 2011 and up 11.4% compared to April 2010. Volumes have continued to be strong in North Shore City and Waitakere City.
For the three months ended April 2011 the Auckland Housing Price Index has increased by 7.5% and Auckland is now only 2.1% below its July 2007 peak.
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