Auckland housing market rebounding

The city’s biggest real estate agency Barfoot & Thompson sold 91 properties priced at more than $2 million – the highest in a month for 20 months. Of this number, 24 sold for more than $3 million, also the highest number for 20 months.

Barfoot & Thompson managing director Peter Thompson says the housing market has accelerated with sales numbers increasing significantly and prices recovering most of the lost ground recorded in the past 12 months.

“November was the month when all the talk about positive gains for the housing market showed up in the sales data,” he says.

“A modest but steady recovery surged in the later part of the month, indicating December will also be a good trading month.”