News

Auckland house sales take a big hit

Sunday 10th of February 2008

Average prices in January are down 7.5% on a monthly basis to $517,613, however over the year they are up 8.9%.

An indication the market is deflating is the sharply rising stock of unsold homes.

Barfoot & Thompson says it ended the month with 6,173 listings on its books. Director Peter Thompson says that’s a higher than normal figure, but says it shows &ldquo...

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