Acceptance that Auckland is now a buyer’s market has set in as Barfoot & Thompson’s latest data reveals a modest start to the year.
Prices in the Auckland region continue to flat line, according to the real estate agency’s January data.
Both the average sales price ($927,181) and the median sale price ($827,500) were down on December, by 2.4% and 5.4% respectively.
In Thompson’s view, what is significant about January is that sales numbers are up considerably – at 653 they were 29.6% higher than in December and 10.1% higher than at the same time last year.
January’s sales were the highest they have been in a January for three years.
The agency ended January with its listings up by 3.4% on December and with the highest number of listings they have had at the end of January for seven years.