Winter chill hits housing market, says Barfoot & Thompson

It's the first time prices have fallen below $1m since January 2021. (Image: BusinessDesk)

Tue, 02 May 2023

Auckland's biggest real estate company, Barfoot & Thompson, says the 473 homes it sold in April reflected a 38.2% drop on the month before and the lowest number of sales for the month in 22 years.Managing director Peter Thompson said that, based on the decline, winter had "come early" for the Auckland housing market. The agency sold 765 homes for March across its 83 offices, at a median price of $1.03 million.That declined by 2.9% to a median of $995,000 last month, the first time in 16 months the median price has fallen...

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