May data needed to judge covid impact on Auckland property market

Mon, 04 May 2020

The true impact of the covid-19 lockdown on Auckland’s property market may not show up until next month, after new house listings slowed to a snail's pace in April. Barfoot & Thompson said the 552 sales booked last month were almost half the 1,096 completed in March, while the average price of $962,136 in the city was 3 percent less than the month before. Managing director Peter Thompson said that many of the April sales had been agreed in March and do not give a complete picture of the state of the market. “The tail of properties work...

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