Spring has sprung, where are the house buyers?

Peter Thompson says prices have 'bottomed out'. (Image: BusinessDesk)

Wed, 07 Sep 2022

The median house price in Auckland stabilised last month at $1.11 million, halting a four month trend of stumbling values and implying that the spring season could herald a seasonal spike, Barfoot and Thompson says.Metropolitan houses in the city were at a median price of $1.13m last August. While those midpoint prices were down 1.7% year-on-year on last August's numbers, the region's biggest realtor said the main stumbling blocks remained the depressed sale numbers, which at 578 for the month are the worst sales figures since May 2020&...

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