Rotorua house sales down, median price drops

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The number of house sales in the Rotorua district have dropped in the last month, along with the median price for properties.

According to the latest Real Estate Institute of New Zealand (REINZ) sales figures released this morning, the number of properites sold in Rotorua in September dropped 10.2 per cent, from 128 sales in September 2015, to 115 this year.

House sales are also down on August, when 139 properties were sold.

The median sale price for September also dropped compared to last month from $325,000 in August to $300,000 this month.

The good news for sellers in September this year was that compared with September 2015, the median sale price of $300,000 was well up on the $264,500 median sale price recorded last year, that's an increase of 13.4 per cent.

The number of house sales last month - 115 - was also down on September 2015 when 128 homes were sold.

More to come.

- Rotorua Daily Post

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