The Auckland housing market was stable in October despite the political uncertainty, with prices steady although sales volumes dropped, according to the city’s largest real estate agency.

The number of sales fell to 634 in October from 778 in October 2016, the lowest in an October month for seven years, Barfoot and Thompson said today.

New listings dipped 9 per cent  to 1733, while stock available at the end of the month was 20 per cent higher than a year earlier at 4451.

“The Auckland housing market has been unfazed by the political change that has occurred,” managing director Peter Thompson said.

Source: 1 NEWS