13 Mar 2015

February house sales up 12.6 percent

11:49 am on 13 March 2015

The Real Estate Institute says house sales hit the highest level for a February month, in eight years.

Sales rose 13 percent last month, compared with the same period a year earlier.

Institute chief executive, Colleen Milne, said the improvement was partly due to a slow month, in January.

The national median house price rose 3.6 percent to $430,000.

Auckland continues to stand out from the rest of the country. Colleen Milne says the region's prices jumped 14 percent to $675,000.

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