A total of 738 homes were sold in Christchurch during February, a quarter more than the same month last year.
Selwyn district ($660,000) and Waimakariri district ($540,000) also both recorded median price highs during the month, according to the institute. Canterbury’s median price was $561,000.
Joseph Johnson/Stuff
A quarter of Canterbury home sales in February were made at auction. (File photo)
Median February prices for other centres included: Auckland $1.1 million, Wellington $890,000, and Dunedin $621,000. The national median price was $780,000, also a record.
The institute’s report said Canterbury had seen an increase in out-of-town buyers as investors “are looking to the regions for good rental options”.