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NZ: Sales stats show ’steady market recovery’

Posted on 16 January 2013

Timaru’s housing market continues to enjoy strong growth, with the median house price increasing by $12,500 last month. Latest statistics from the Real Estate Institute of New Zealand show the median house price for Timaru last December rose from November’s $238,000 to $250,500. That puts it just above December 2011’s median price of $250,000.
There were 48 recorded residential house sales in the Timaru market for December 2012, compared to 65 in November. Houses are selling a lot quicker, taking a median of only 27 days in December 2012, compared to 65 in December 2011………………………………………..Full Article: Source


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