The number of houses sold in New Zealand fell in December from a year earlier as the national median sale price rose to a new record, according to Real Estate Institute figures.

The number of houses sold fell 1.1 per cent to 5,688 in December from the same month a year earlier, and were down 18 per cent from November, a bigger drop than the average decline, REINZ said in a statement. The fall in sales volumes was led by Manawatu/Whanganui, where…