WELLINGTON, April 16 (Reuters) - New Zealand house prices fell in March as listings and stock levels stayed significantly higher than a year earlier, the Real Estate Institute of New Zealand (REINZ) said on Tuesday.

Seasonally adjusted median house prices fell 1.8% from February, but were up 2.8% from a year earlier, REINZ data showed. Seasonally adjusted national home sales fell 0.5% from February, but were up 26% from March 2023.

"This summer has seen a return to a more normal level of real estate market activity after a relatively slow and subdued

2023," REINZ Chief Executive Jen Baird said in a statement.

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https://www.reuters.com/markets/new-zealand-house-prices-fall-slightly-due-higher-stock-levels-reinz-says-2024-04-15/