Auckland house prices hit new November high

"November was an extremely active month with the average selling price rising by 2.5% on October's values to $567,489," said Barfoot & Thompson managing director Peter Thompson.

"This is the highest average monthly price since March, and the second highest average monthly price ever."

Thompson said the top end of the market was "extremely active" during November with 75 houses sold at $1 million or more.

He said the average price was achieved on 894 sales, an increase of 23% on the number of homes sold in October, and up a third on the number of homes sold in November last year.