Auckland house prices hold steady

Peter Thompson

While the number of residential properties sold in Auckland in May was low compared to previous years, prices showed no signs of retreating.

“The average sales price for the month at $942,717, and the median price at $846,000, remained rock solid,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“With a sound number of new listings, total listings at their highest for the past five years and low sales, there was greater pressure on prices to fall than has been experienced for some years.

“However, the average and median prices achieved have barely moved for both over the previous three months.

“On a year-on-year basis the average price is now running under 8 percent higher and the median price is 4.5 percent higher.


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