SuperCity back to “old normal”

While many regional markets continue to hit all-time asking price highs, Realestate.co.nz’s April data shows that the Auckland region’s average asking price slipped to $899,916.

That’s a 4.5% fall from March and a 5.8% fall on April last year. It’s also the first time it has dropped below $900,000 since 2016.

In contrast, the all-time high average asking price for the Auckland region was $982,673 in December 2017.

Realestate.co.nz spokesperson Vanessa Taylor says we have left behind the frenetic market of 2014 to 2017 where asking prices spiralled dramatically upwards.