Local housing price rises ease
The property boom continued in August with national residential house prices up 16.2 over the last year, but price growth appears to be easing in Christchurch.
Wednesday, September 24th 2003, 4:20AM
by The Landlord
Christchurch City's median price reached $185,000 for the month, only $250, or 0.14 per cent, on July's median price of $184,750 but still about 18 per cent ahead of the $157,000 median achieved in August 2002. Total sales peaked to 894, up from both the previous month's 870 sales and the 694 sales recorded the year before.
Across the Canterbury-Westland region prices lost ground, with the median price dropping to $162,500 in August from $165,000 the month before.
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