Auckland housing market showing 'tepid signs of stabilising' in April

Wed, 02 May 2018

By Tina Morrison May 3 (BusinessDesk) - The Auckland residential property market may be stabilising after tighter regulations slowed housing market growth in the country's largest city. The average sale price for April advanced 1.4 percent to $930,223 from April last year, having shown little movement over the past 12 months, Auckland realtor Barfoot & Thompson said in a statement. The median price slipped 2.4 percent to $830,000 as fewer properties were sold in the $1 million to $2 million category. Sales volumes rose 10 percent to 731....

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