Auckland house sales slip, median price rises in last month before LVR, Barfoot says

Wed, 02 Oct 2013

Oct. 3 (BusinessDesk) - Auckland house sales fell in September, the last month before the Reserve Bank’s restrictions on high loan-to-value home loans kicked in, while the median price climbed, according to realtor Barfoot & Thompson. Sales fell 7.9 percent to 1,105 in September from August and were up 14 percent from September 2012, the firm said in a statement. The median house price rose 6.9 percent to $600,000, an all-time high, while the average price edged up 1.6 percent to $657,912. Barfoot’s new listings fell 4.3 percent from August...

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