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NZ: House sales up, prices sluggish

Posted on 13 March 2012

House sales shot up 37 per cent last month nationwide, making it the best February for the residential property market since 2008. The latest Real Estate Institute of New Zealand data showed that there were 1666 more houses sold last month than at the same time a year earlier, but prices were flat for the third month in a row.
Nationally the median house price was $355,000, unchanged since November but up $5000 from February last year………………………………………..Full Article: Source


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