Dunedin Television|On Demand - Freeview|HD Channel 39 - Wednesday, July 29th, 2015

Otago posts record median price for real estate

Otago posted a record median price for real estate last month, as the market began to gain in confidence.

The Real Estate Institute of New Zealand says its figures for November show increased activity in Auckland starting to spill over into other parts of the country.

The median price in Otago rose to a record $258,000, up $18,000 on October.

It was one of the provinces with the shortest time to sell, at 28 days.