Despite a higher availability of houses to buy, prices are still out of reach for buyers in Auckland. Housing will still be in high demand.
• While lower sales & higher availability signals a cooling market, house prices are slightly up from 2016 w/ the average selling price of $986,157.
• Harcourts chief executive says the slowing market is down due to a fall in the number of property investors & rising interest rates.
• However, Kennedy warns record migration to Auckland could prolong a high demand for housing.
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