Here’s how to make sense of housing market data
Explainer: There is no shortage of house price information out there for those wanting to understand the market, but the data sets use different measures, and that raises the question of what they all mean.
What’s going on with house prices is an eternally popular topic, and there are a host of companies regularly releasing market information about them.
The Real Estate Institute, CoreLogic, Realestate.co.nz, Quotable Value, Trade Me Property and Homes.co.nz all provide monthly price updates. Some large real estate agencies, such as Barfoot & Thompson and Ray White, do too.
It is a lot of information to process, especially as the measures to assess prices used by each company are not the same. So here is a rundown of the statistics available and what they actually show us.