Auckland house price growth stalled for a second month in May, Barfoot says

Wed, 05 Jun 2013

By Tina Morrison June 6 (BusinessDesk) – Auckland house price growth stalled for a second month in May as buyers baulked at rising prices, according to Barfoot & Thompson, the city’s biggest realtor. The average sale price edged up 0.3 percent to $644,737 in May, following a 0.5 percent drop in April, the firm said. The median price advanced 0.7 percent to $570,000. “The Auckland property market has come out of the other side of a period of price rebalancing caused by five years of modest price growth,” Peter Thompson, managing director of...

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