Auckland house sales climb in December while new listings drop

Mon, 07 Jan 2013

Jan. 8 (BusinessDesk) – The property market in Auckland continued its recent trend in December, with a jump in home sales and a drop in new listings, Barfoot & Thompson says. The real estate firm recorded 920 sales last month, the highest for December in eight years, outpacing the 697 new listings, a decline of 17.6 percent from the same month of 2011. That marked the first month in a decade that sales exceeded new listings. Listings were “exceptionally modest, and the lowest recorded in a month for the past decade,” said Peter Thompson, the...

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