Barfoot reports first annual median house price fall in a decade

Sun, 06 Jan 2019

By Jenny Ruth Jan. 7 (BusinessDesk) - Barfoot & Thompson says the tide is turning towards a buyers’ market for Auckland housing. The median price Auckland’s largest real estate agency sold houses for in 2018 was down 0.8 percent on 2017 at $836,792 - the first such decline in 10 years, says Barfoot, which accounts for about a third of all residential property sales in the city. That was despite an 8.1 percent increase in the number of transactions Barfoot booked through the year. But in the month of December, Barfoot sold 504 proper...

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