Auckland house sales stall in February, hitting 10-year low

By Paul McBeth
March 4 (BusinessDesk) - Auckland realtor Barfoot & Thompson had its quietest month in more than 10 years in February, with sales down 28 percent from a year earlier.
Barfoot sold 474 houses last month, down from 665 in February 2018, the lowest monthly turnover since December 2008, a time when New Zealand's mezzanine finance sector was in the process of collapsing and the global financial crisis was in full swing.
Despite the lack of activity, prices held up, with the median sale price down 2.3 percent at $801,000. Ba...
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