Market cools but house prices still high

  • House sales continue to trend downward in Auckland with a 13 per cent drop on the previous year but despite a higher availability of houses to buy, prices are remaining consistent.

Available property stock has increased by 45.9 per cent compared with March 2016, according to data from Harcourts’ Auckland Market Watch. While lower sales and higher availability signals a cooling market, house prices are slightly up from last year with the average Auckland house selling for $986,157.