Auckland housing market activity picks up in May, prices weaken

Tue, 05 Jun 2018

By Tina Morrison June 6 (BusinessDesk) - Activity picked up across the Auckland residential property market in May although prices were weaker, according to the city's largest realtor. The average sale price for May slipped 1.3 percent from April to a five-month low of $918,465 and was 2.6 percent below May last year, Auckland realtor Barfoot & Thompson said in a statement. The median price declined 1.2 percent from April to a three-month low of $820,000 and was 3.1 percent below May last year. Sales volumes rose 41 percent from April to...

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