Auckland average house price rises 2.8% in May from April as sales, listings rise

Mon, 05 Jun 2017

By Jonathan Underhill June 6 (BusinessDesk) - Auckland's average house price rose in May from April, while sales and new listings jumped although they are still below the levels of May 2016, says realtor Barfoot & Thompson. There were 886 sales in May, up from 664 sales in April, which was the lowest for that month since 2008, Barfoot said. Sales were down 32 percent compared with May last year. The average price rose to $942,717, up 2.8 percent from April and up 7.8 percent from May 2016. Last month the Reserve Bank said it would seek...

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