Property Management

Don’t they know it’s winter?

Not only do the latest housing market figures show no signs of the traditional winter slowdown, but the number of house sales in May totaled an unprecedented 11,158.

Thursday, June 19th 2003

That’s up from the 9,047 houses sold in April and up from the previous record in March of 10,747 sales, according to the latest Real Estate Institute figures.

Not only that, but the national median house price reached yet another record at $210,000 in May, up from the last record set last month of $203,000. That’s 11.7% higher than in May last year.

Read More - Opens in a new window

Most Read

Unity First Home Buyer special 3.95
SBS FirstHome Combo 3.99
TSB Special 4.49
ICBC 4.49
Kiwibank Special 4.49
SBS Bank Special 4.49
Co-operative Bank - First Home Special 4.55
Kainga Ora 4.59
ASB Bank 4.59
Unity Special 4.59
AIA - Go Home Loans 4.59
ICBC 4.89
Kiwibank Special 4.89
Kainga Ora 4.95
China Construction Bank 4.95
ASB Bank 5.09
TSB Special 5.09
Unity Special 5.09
SBS Bank Special 5.09
Nelson Building Society 5.09
BNZ - Std 5.09
AIA - Go Home Loans 5.09
Westpac Special 5.59
ICBC 5.65
Kainga Ora 5.69
TSB Special 5.69
SBS Bank Special 5.69
AIA - Go Home Loans 5.69
ASB Bank 5.69
BNZ - Std 5.79
Kiwibank Special 5.79
Co-operative Bank - Owner Occ 5.89
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank Special 5.65
Kiwibank 5.65

More Stories

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Buyers sitting on the sidelines in best time to buy in a decade

Thursday, December 04th 2025

Buyers sitting on the sidelines in best time to buy in a decade

Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.