Auckland prices up, rents flat

The latest monthly sales data from Auckland real estate agent Barfoot and Thompson shows that the market is still strong.

It says the number of sales in February was 34% higher than a year ago at 989 dwellings sold.
The average sales price jumped from $475,000 in January to $504,000 and was ahead 8.6% from a year earlier.

A key indicator in its monthly sales figures is the number of listings and the ration of sales to listings.
At the end of the month there were 4,316 listings at the end of the month which was 18.4% fewer than a year earlier.

This took the ratio of sales to listings in the month to 22.7% from 13.9% in February.