Auckland house price growth stalled in July as properties 'fully priced', Barfoot says

Tue, 04 Aug 2015

By Tina Morrison Aug. 5 (BusinessDesk) - Auckland house price growth appears to have stalled, even as turnover remains high, as properties are deemed "fully priced", according to Barfoot & Thompson, the city's largest realtor. The average Auckland sales price in July of $827,359 was little changed from $826,474 in June and $822,148 in May, the realtor said. It is 15 percent ahead of the $719,312 average price from July last year. The company sold 1,388 homes in July, 19 percent ahead of June and 41 percent higher than July last year, mark...

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