WELLINGTON (Reuters) -New Zealand home prices fell slightly in May although the number of houses sold increased, the Real Estate Institute of New Zealand (REINZ) said on Tuesday.
Seasonally adjusted median house prices fell 0.9% from April and were also down 0.9% year-on-year, data from the institute showed.
“The stability in interest rates has encouraged more buyers to enter the market, though levels of confidence vary by region,” REINZ said in a statement. Data showed that on a seasonally adjusted basis, excluding New Zealand’s largest city Auckland, house prices were unchanged from May 2025.
(Reporting by Lucy CraymerEditing by Shri Navaratnam)
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