A teacher has finally bought his first home on his 12th attempt, as Marlborough’s house-strapped market reaches a new record median price of $705,000. REINZ Median house prices are up across the country for June 2021 compared to June last year, REINZ data shows. Econ Talks: House price rises are obscene and ridiculous (Published June 18, 2021)The national median house price was up 28.7 per cent compared to June last year, to $820,000. Gill also encouraged people selling homes to allow properties to run through an appropriate marketing period, given the strong market with prices trending upwards week on week. The difference in price between an offer in week one, compared to week three, can be very significant.”

Source: Stuff July 13, 2021 17:03 UTC