There is more evidence that the Auckland housing market is slowing, with prices returning to levels seen seven months ago.
Data from the Real Estate Institute shows house sales nationally in January were 4.3 per cent higher than the previous year and median prices were up 5.2 per cent to $448,000.
Prices in Auckland were up 9.1 per cent on a year ago and sales were up 13.5 per cent, but compared to December prices fell 6.5 per cent and sales were down almost by a third.
Real Estate Institute of New Zealand (REINZ) chief executive Colleen Milne said January was an unusual month for real estate data due to the summer holiday break, so comparisons with December were always difficult.
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