Rollercoaster ride for Taranaki house sales

The number of house sales in Taranaki increased by 22 per cent in August compared with August 2011, figures released by the Real Estate Institute of New Zealand show.

However compared with July's sales volumes, the region's figures fell by 14 per cent.

REINZ chief executive Helen O'Sullivan said sales mostly fell in Hawera and New Plymouth but July's results had been strong.

The median price across the region increased by $19,000 (7.3 per cent) compared to July, the second strongest lift in prices across New Zealand for August, she said.

Compared to August 2011 the median price increased by $10,250 (3.8 per cent).

"The Taranaki market remains steady overall, if volatile month to month, with strong interest continuing to come from first-home buyers and those in the sub-$400,000 market. Investors appear to be conspicuous by their absence," Ms O'Sullivan said.

"The median price is improving at a slow rate . . . the overall trend . . . appears to be improving, albeit modestly."

Taranaki Daily News