Auckland homes sell near record prices but new listings lacking

Mon, 02 Sep 2019

By Jenny Ruth Sept. 3 (BusinessDesk) - Near record prices are being achieved on sales of Auckland homes but new listings are lacking, says the city's largest realtor Barfoot & Thompson. The company sold 746 properties in the month of August, 4.6 percent fewer than the 879 sold in July and compared with 795 sales in August last year. The market is showing “a pattern of modest sales numbers, prices at near record levels and new vendors hesitant to enter the market,” says managing director Peter Thompson. “The prices paid for those pro...

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