Barfoot's Auckland listings, sales extend gains in February

Mon, 04 Mar 2013

March 5 (BusinessDesk) - Auckland real estate firm Barfoot & Thompson lifted its property listings and sales last month, which slowed the pace of price rises as more houses were available to meet overheating demand. New listings climbed 22 percent to 1,752 in February from a month earlier, while sales advanced 8.8 percent to 892, the realtor said in statement. Sale prices increased 0.6 percent to an average $604,164 from January. "While choice is at its highest since June 2012, it may be a short-term situation as the number of properties f...

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