Median house prices continue to ramp up across the country and Whanganui's market is caught up in the growth.
Latest data from the Real Estate Institute of NZ (REINZ) shows that median prices for the Whanganui - Manawatu region had hit record highs in July.
Compared to July last year the median price in Whanganui rose 24 per cent, that's an increase of $35,500. And the month on month the median price from June to July also ramped up 11 per cent - up $19,000 from $166,000.
In terms of sales volumes that also translates into increasing numbers with numbers up 50 per cent in the Whanganui district compared to July last year. And compared to June,
sales volumes were up 36 per cent in our patch.
REINZ spokesman Bryan Thomson said the heat was coming on house prices driven by a fall in the inventory across the country.