National and Auckland house prices and volumes dropped in the last two months, but don't read too much into that. Auckland median house price dropped $25,000 in a month, from December's $1,025,000 to $1m last month and the number of sales fell too. National median house prices excluding Auckland rose 14.7 per cent from $525,000 in January last year to $602,000 last month. "The REINZ data supports OneRoof's own recent market figures, which show New Zealand house prices outstripping pre-Covid prices by $130,000. Last month, REINZ reported national house prices set records for the fourth month in a row in December.

Source: New Zealand Herald February 15, 2021 20:17 UTC