REINZ Report October Stats

12 November 2020

For immediate release

Auckland median house price hits $1m mark in October; 9 other regions & 28 Districts hit record

median prices

Median house prices across New Zealand increased by 19.8% from $605,000 in October 2019 to a

new record median high of $725,000 in October 2020; and up from $689,000 in September this year

(a 5.2% lift) according to the latest data from the Real Estate Institute of New Zealand (REINZ),

source of the most complete and accurate real estate data in New Zealand.

Median house prices for New Zealand excluding Auckland increased by 15.4% from $520,000 in

October last year to a new record median price of $600,000, and up from $585,000 in September

this year (a 2.6% increase).

Additionally, Auckland’s median house price increased by 16.3% from $860,000 at the same time last

year to $1,000,000 a new record high, and up from $955,000 in September this year (a 4.7%

increase).