Prices steady, listings and sales down: Harcourts
Provisional residential data from real estate agency Harcourts shows house prices remain steady.
Tuesday, June 3rd 2014, 12:00AM
by The Landlord
The average sales price for May for the company’s agents was $688,209 in the northern region, which includes Auckland and Northland.
This is up 11% on the same time last year.
Auctions account for 40% of all listings, which Harcourts said was a sign of vendors preferring to let the market determine a property’s value.
Listings are down 16.2% on the same time last year and written sales are also down 12.3%, suggesting low stock levels are affecting sales.
More data will be available from Harcourts next week.
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