Auckland house sales jump 28 percent , driving listings to seven-year low Barfoot

Thu, 02 Aug 2012

By Hannah Lynch Aug. 3 (BusinessDesk) - Auckland house sales jumped 28 percent last month, driving the number of listings down to a seven-year low, according to the city's biggest real estate agency. Barfoot & Thompson, which accounts for about a third of Auckland's housing market turnover, says the number of houses sold rose to 998 last month from 779 in July last year. That pushed the number of properties on its books down to 3,975, the lowest since the end of 2005. “The low number of properties for sale is being caused by high turnover,...

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