Barfoot & Thompson: Auckland house price retreat may be short lived

Auckland residential house prices in February have retreated from the record prices set in the second half of last year but are still higher than where they were at the same time last year.

“The average sales price at $822,024 in February was up 1.3 percent on the average price for January and up 10 percent on that for February last year,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“The median price at $738,000 was down 2.9 percent on January’s, but up 7.5 percent on last February’s.

“While prices are down from their record highs, based on past trends, prices in coming months are most likely to build modestly.

Peter Thompson

READ MORE…. VIA BARFOOT & THOMPSON

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