Despite a peak of 84,000 transactions in 2016 , last year we saw the lowest volume of sales in a decade , with just 55,000 houses changing hands .
And for pricing , the surge in the number of transactions above $ 500,000 hasn ’ t compensated for the drop in those below . Unsurprisingly given a national median sales value of around $ 800,000 ( according to Real Estate Institute of New Zealand data ), homes exceeding $ 1 million now command a greater share of transaction volumes than those below $ 500,000 .
Photo : 39 Maungakiekie Avenue , Greenlane Proudly marketed by Dean Tuffley , Ray White Mt Eden
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