Housing market shows signs of picking up

House prices in Auckland and nationally are up and agents say a rosier picture of the market is finally beginning to emerge.

Auckland prices rose from a median $420,000 in September to $433,000 last month and the national median nudged up from $330,000 to $335,000.

Real Estate Institute figures out yesterday showed price rises in five out of the 12 regions surveyed nationally. But the country's national median price is still well under the $350,000 reached in October last year.

Agents selling houses in Northland, Taranaki, Hawkes Bay, Wellington and Southland all enjoyed better prices last month than in September.

"Despite all the negative stuff and people talking about a 30 per cent price drop, this is really good," said institute vice-president Peter McDonald.

Most Auckland suburban areas showed big price rises.

To read the full NZ Herald article click here

Posted: 14 Nov 2008

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