*Includes Barfoot & Thompson Auckland residential sales that have gone unconditional. Excludes Northland and commercial sales.
For the first time in 5 years, the Auckland housing market is showing unmistakable signs that prices are stabilising, and may even be plateauing.
“There has been a definite change in the market in the last month,” said Wendy Alexander, Chief Executive Officer of Barfoot & Thompson.
“The average price in July was $867,681, a fall of 4.5 percent on that for June, but more significantly 2 percent below the average price for the previous three months.
“The trend is not as evident in the median price, which at $840,000 was the same as in June, and 2.1 percent higher than the median price for the previous 3 months.
