Auckland house prices accelerate in November while volumes decline, Barfoot says

Wed, 02 Dec 2015

By Tina Morrison Dec. 3 (BusinessDesk) - Auckland house price growth accelerated in November, although the volume of sales declined, according to the city's largest realtor. The average sale price increased 4.2 percent to $876,075 in November from October, the biggest monthly gain in 20 months, Barfoot & Thompson said in a statement. However the number of sales slowed 7.7 percent to 986 in the month, the lowest volume since February, the agency said. The government and the Reserve Bank have introduced new measures to try and cool Auckl...

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