Auckland properties listed for sale by Harcourts have jumped nearly 40% in the past year & average sale prices have dropped 1%.
• Harcourts data showed properties listed by the agency had increased from 1313 last February to 1828 last month, a 39.2% rise.
• Yet, the number of sales dropped 18.6% from 503 to 409, & the avg. Auckland sale price for properties sold by Harcourts dropped 1.1% from $945,295 to $934,428.
• Harcourts said the heated market of 2015/2016 was not sustainable long-term & the market is returning to the healthy activity levels seen in 2014.
• The Harcourts data is in line with information released by REINZ, which shows an Auckland listings jump & slight price drop.
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