Auckland house prices bounce 11.5%, expected to slow

Auckland house prices bounce 11.5%, expected to slow
March was the strongest month on record for Barfoot & Thompson.
Brent Melville
Rumours of the decline in house prices would appear to have been greatly exaggerated as the Auckland market continues to hit record levels. Barfoot and Thompson, the city’s biggest realtor and a bellwether for the Auckland market, reported the strongest trading month in its history for March.While that's traditionally the strongest sales month of the year anyway, the firm managed to write up 2,138 new listings – the highest number for 15 years and about a quarter higher than it would normally list, it said.That also saw the...

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