ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Median house prices dip in 2024, despite rate cuts

Author
Newstalk ZB,
Publish Date
Tue, 15 Oct 2024, 7:45pm
(Photo / File)
(Photo / File)

Median house prices dip in 2024, despite rate cuts

Author
Newstalk ZB,
Publish Date
Tue, 15 Oct 2024, 7:45pm

The housing market remains subdued across the country, with slightly weaker prices, more stock available and houses taking longer to sell.

New data from the Real Estate Institute (REINZ) shows the national median fell 2.3 percent, to $781,000.

Infometrics Principal Economist Brad Olsen says prices are likely to stay low - despite recent cuts to interest rates.

LISTEN ABOVE

Take your Radio, Podcasts and Music with you