Auckland’s summer holiday over
Trade Me Property’s data showed Auckland’s average asking price rose by 2% in February, which left it at a record high of $817,150.
This is in comparison to January when the city’s average asking price was $801,400 – a 0.5% decrease on the previous month.
Head of Trade Me Property Nigel Jeffries said Auckland’s property market may have winced in January, but new listings in February had injected some new energy into it.
“The expected selling price for an Auckland property was $710,250 a year ago, so we’ve seen expectations from sellers rise by 15% or more than $105,000 over the past 12 months.”
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