The national housing market has recorded a slight decline in median house and unit values over August 2016 according to the Residex median value index. The falls in median values have been fairly broad-based across the country. The August figures are detailed in Table 1 below (note that Residex median values are non-revisionary and are published monthly. The methodology used to calculate median values is different to Residex’s quarterly repeat sales index).
Table 1: August 2016 Median Value Index