Photo: Unsplash/ Jakub Ε»erdzicki
New Zealand's housing market slowed sharply in November, with a big downturn in sales numbers compared to the month before, data from the Real Estate Institute shows.
Compared to a year earlier, November's median price was up 2.3 percent nationwide to $808,000 but sales were down 5.7 percent.
Seasonally adjusted, sales were down 4.6 percent. Auckland was down 9.1 percent, Nelson down 15.7 percent and Canterbury down 7.2 percent, while Northland was up 21.6 percent and Hawkes Bay up 5 percent.
"This November marked only the sixth time in 33 years that New Zealand's November sales count was below October's, undersco
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