House prices in Palmerston North continue to rise, as the number of properties on the market falls. House hunters are continuing to feel the squeeze in Palmerston North as prices rise, while the number of homes on the market is hitting historical lows. READ MORE:* House prices skyrocket while shortage is critical* Palmerston North house prices rocket up through traditional election-year lull* Palmerston North house prices still risingOnly five, or 4 per cent, of the city’s 136 sales in December were for under $400,000. In Ashhurst in December eight houses sold, with a median price of $560,000. In Foxton there were six sales, with a median of $404,500, and in Foxton Beach 10 sales, with a median of $587,500.

Source: Stuff January 17, 2021 02:47 UTC