Auckland average home sale price falls 1.1% in November, may signal turning point, Barfoot says

Sun, 04 Dec 2016

By Jonathan Underhill Dec. 5 (BusinessDesk) - The average Auckland house price fell in November from a record high the previous month, according to realtor Barfoot & Thompson, which said the latest sales data signals a "turning" point after seven years of increases, but is well-positioned for a soft landing. The average sales price in November fell 1.1 to $933,130, having reached a record high of $943,801 in October, Barfoot said in a statement. The median price fell 1.7 percent to $850,000. The Auckland figures come amid signs the hou...

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