Harcourts tells vendors: market has ‘cooled slightly’

  • New Zealand’s biggest real estate agency says the Auckland market is “cooling slightly” after listing volumes ballooned 42 per cent in the last year and its boss has offered advice to people keen to sell here.

Chris Kennedy, Harcourts chief executive, said the market had changed.

“There are more properties available to buy, up 42 per cent,” the business said, comparing Auckland listings in April last year with last month’s listings. “However, prices are not yet in line with the new market.” Last April, the average Auckland Harcourts’ price was $916,726 but last month it was $1,024,317.