Housing shows statistical glitch

Monday 26 January 2004

Further proof the housing market is easing comes in the latest REINZ monthly statistics.

By The Landlord

Crunching the numbers shows the national median sales price dropped from $235,000 in November to $229,000 in December last year.

But Graeme Woodley, REINZ national president, says the institute doesn't believe there has been any wholesale weakening in the housing market and January's figures will show the traditional resurgence.

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