News
Significant slowdown in Auckland housing market
Tuesday 8th of January 2008
Real estate firm Barfoot and Thompson said yesterday, that average house prices were up 12% during 2007, from $480,738 to $538,478.
However sales volumes are down 36.3% on a annual, seasonally adjusted basis and down 17.6% month-on-month, sharebroker Goldman Sachs JB Were (GSJBW) says.
Adding to the gloomy picture inventory levels, that is the number of houses for sale are...
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