Auckland house prices are stabilising, may have plateaued, Barfoot says

Tue, 02 Aug 2016

By Sophie Boot Aug. 3 (BusinessDesk) - Auckland house prices may have plateaued in July after hitting a record in November last year, the city's largest realtor says. The average sale price fell 4.5 percent to $867,681 in July from June, Barfoot & Thompson said in a statement. That's 2 percent lower than the average for the previous three months, but still up 4.9 percent on July 2015. The average price hit a record $876,075 in November 2015. Monthly sales volumes fell 12 percent to 1,168 from June and were down 26 percent on July last yea...

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