REINZ house sales for October
The REINZ house sales rose 15.5 %YoY compared to -3.0% prior
This is the highest number of sales in 5 months.
For New Zealand excluding Auckland, the number of properties sold increased by 15.6% - 654 more properties when compared to October 2017 (from 4,189 to 4,843).
In Auckland, the number of properties sold increased by 15.2% or 257 more properties, from 1,691 in October 2017 to 1,948 in October 2018.
Regions with the largest increases in sales volumes were:
Marlborough: +46.2% (from 78 to 114 - an additional 36 houses)
Southland: +32.9% (from 146 to 194 - an additional 48 houses)
Canterbury: 28.7% (from 757 to 974 - an additional 217 houses)
Otago: 23.4% (from 342 to 422 - an additional 80 houses).
This is a good report and NZD/USD is up ten points from the release at 0.6757
See full report here.
