New housing figures point to possible end of recession

House prices rose last month and homes sold more quickly, real estate figures show.

Wellington led the way, with August prices 7.5 per cent higher than in August last year. Auckland followed with a 4.4 per cent rise.

The national median house price was $346,750, up 2 per cent from July and 5.1 per cent higher than the same month last year, said the Real Estate Institute of New Zealand.

Sales were down to 5878, from 6014 in July but up from 4220 in August last year.

The median number of days it took to sell a house in August was 34, down from 37 in July and 55 in August last year.

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Posted: 15 Sep 2009

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