The value of lifestyle sales was $6.91 billion for the year to October 2016. The median price rose $15,000 (up 2.8 per cent) compared to September. "Variable conditions are influencing the market but a shortage of supply is a constant theme, the net result being pressure on prices." In the report, released before the earthquake on Monday, November 14, nine regions recorded an increase in sales compared to October 2015. Compared to October 2015 the number of sales for the three months to October 2016 rose by 52 sales.

Source: New Zealand Herald November 24, 2016 21:31 UTC