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After three months of rises, average Auckland house price slips in May

Friday 3rd of June 2011

"In May the average price of $529,284 was down 2.8% on April's average price and down 2.5% on May's average last year," said Barfoot & Thompson managing director Peter Thompson.

"It reverses a three-month trend where the average price for the month was higher than that for the preceding month."

Thompson said the company sold 889 properties in May, a quarter more than in Apri...

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