PHOTO: Barfoot & Thompson

Time periodNumber of sales*Total value of sales
Sept 2019771 properties$711,527,815
Sept  2018722 properties$671,285,051
12 months to Sept 20199,209 properties$8,573,750,526
12 months to Sept 20189,515 properties$8,799,599,851

*Includes Barfoot & Thompson Auckland residential sales that have gone unconditional. Excludes Northland and commercial sales.

The Auckland residential housing market met expectations in September with new listings growing significantly and median prices strengthening over those for the previous three months.

“After a relatively quiet winter, the expectation was that with the arrival of Spring we would see house sale activity increase, and the market did not disappoint,” said Peter Thompson, Managing Director of Barfoot & Thompson.

“The most significant number in the month’s trading data was the increase in new listings at 1,204, up 14.4 percent on those for August and up 12.2 percent on the average number for the previous three months.

“These new listings provided the market with the greater choice it was seeking and this assisted sales numbers for the month to reach 771, up 3.4 percent on those for the previous month and up 6.8 percent on those for the same month last year.

“It is the highest number of homes we have sold in September for three years.

“Attendance at auctions during the month were up, as was the number of sales under the hammer.