Why do property an analysts use median house price?
Median house price explained
There are technical reasons why the median provides a more accurate picture of what is happening to the prices of houses rather than the average.
As an example, assume there are 11 houses sold in a month with a price range of $200,000 to $300,000 and an average price of $250,000.
Now replace one of those houses with a house that sold for $1 million. The average is now $318,182, even though 10 of the 11 houses for the month sold for less than this value.
The median would be the price of the middle house sold in the range (in this case the sixth house), which more accurately reflects what the majority of the houses sold for.
REINZ uses medians to provide a more accurate measure of the mid-point of house prices that reflects what most people are going to be buying and selling houses for.
Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
-
71.6% We work hard, we deserve a break!
-
18% Hmm, maybe?
-
10.4% Yes!
Have you seen Rowena?
Police are urgently appealing for sightings of Rowena, 39, reported missing from Christchurch.
She was reported missing to Police on 22 October 2025, and was last seen on 14 August 2025. Rowena hasn’t been in contact with her children and her family are worried for her safety.
Police investigating her disappearance have identified her as being in Auckland, Tauranga and Christchurch in the recent months prior to her missing person report being made.
If you have seen Rowena, or have any information regarding her whereabouts, please contact us immediately.
You can contact us via 105 either over the phone or online at 105.police.govt.nz, clicking “Update Report” and referencing file number 251022/9026.
Information can also be provided anonymously via Crime Stoppers on 0800 555 111.
We want to know: Have you thought about cutting your insurance cover to save costs?
Senior business reporter Rob Stock tackles a big question many of us have wondered about: “What are the pros and cons of cutting back on insurance?”
So we’re curious… What are your thoughts on trimming your insurance cover? Have you ever considered it?
Want to dive deeper? Rob Stock has the full breakdown.
Loading…
