Auckland house sales activity still subdued in May

Auckland house sales activity still subdued in May
Paul McBeth
By Paul McBeth June 6 (BusinessDesk) - Auckland house sales were down by about a fifth in May from a year earlier but prices were largely flat, in what the city's biggest realtor described as a subdued market.  Barfoot & Thompson said 821 houses were sold in the country's biggest city last month, down from 1,027 a year earlier. The median sale price increased 3.7 percent to $850,000.  "For the third consecutive month the Auckland residential property market registered limited change in activity with May sales numbers remaining subdued...

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