Auckland house prices reach fresh high in February, competition strong around $1m

Thu, 02 Mar 2017

By Sophie Boot March 3 (BusinessDesk) - Auckland house prices reached a record high in February, despite sales numbers dropping to their lowest in six years, the city's largest realtor says. The average sale price rose 3.4 percent to $944,574 in February from January, Barfoot & Thompson said in a statement. That a 2.6 percent gain on the average for the previous three months, and a 14.9 percent increase from February 2016. Monthly sales volumes fell 11.6 percent to 529 from January and were down 20.3 percent from February last year. On...

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