February was the month many Aucklanders decided to list their houses for sale, as huge number of new residential real estate stock was listed with the city’s largest agency.
Barfoot & Thompson figures showed 2060 new listings in February, more than double January’s 919 and the highest since August last year when there were 2123 new listings.
At the end of February, Barfoot had 3318 property listings available, well up on January’s 2574 listings.
Yet 698 properties sold last month, down on January’s 893 sales. The median residential price fell from $760,000 in January to $738,000 last month. But the average rose from $811,700 to $822,024.