New Zealand house prices rise on month, more confidence in market, survey says

WELLINGTON (Reuters) - New Zealand house prices rose in the last month, with the data indicating more confidence in the market, the Real Estate Institute of New Zealand (REINZ) said on Thursday.

Seasonally adjusted median house prices in August rose 2.1% on July, but were down 0.6% from August 2023, REINZ data showed.

The number of houses sold nationally on a seasonally adjusted basis fell 2.4% on July and were down 0.5% on the previous year.

The Real Estate Institute of New Zealand said its August 2024 figures showed signs of increased confidence, optimism and activity compared to the previous year, while the overall sales volume slightly declined, several regions reported notable increases in activity.

(Reporting by Lucy Craymer)