|Adjustments||Not Seasonally Adjusted|
|Building Permits||Feb 2020||1,980,424,357||1,596,328,553||NZD, NSA||Monthly|
|House Price Value||Feb 2020||640,000||615,000||NZD, NSA||Monthly|
|Non-residential Building Permits||Feb 2020||481,296,976||499,448,453||NZD, NSA||Monthly|
|Residential Building Permits||Feb 2020||1,382,654,434||1,076,236,289||NZD, NSA||Monthly|
The REINZ Property Market Report (fka Housing Market Indicators) reports the data for median sales price and median days to sell for the 16 regional councils in New Zealand defined by Statistics New Zealand, as well as the national data.
REINZ uses a median method instead of an average method to give a more accurate measure of the mid-point of residential properties in New Zealand. Using the middle house in the range to reflect the sales price of what majority of houses are sold for. If they use an averaged approach, the price would fluctuate between these two extremes depending on the highest and lowest prices.