29 minutes ago
The house price index was down 0.6 percent over a year and 1.7 percent over three months.
May was another flat month for the housing market.
The Real Estate Institute said New Zealand's housing market was becoming more settled, but whether that continues will depend on factors like the election and what happens with the conflict in Iran.
It has released data that shows the national median sale price lifted 1.3 percent in May, to $775,000. The number of sales in the month was down 12.6 percent compared to the same time a year earlier but the institute said May last year was a time when the official cash rate was being cut and there was stronger market momentum.
