Auckland listings at seven-year low: Barfoot
Chief executive Wendy Alexander said the housing market had reacted to the shortage of properties for sale, pushing prices up to an average of $589,251 in the city – an all-time high and an increase of 1.2% on the month before.
She said: “In June we sold 994 properties, the highest number of homes we have sold in June for five years, and at the end of the month we had only 4078 listings on our books, the lowest number for nearly seven years.”
But she said properties that sold much in excess of their CV were an exception. Buyers were still careful about what they were prepared to pay, despite low interest rates.
“For most properties, prices are edging up, and the average sales price in June was 3.2 percent above the average price in March, which is a modest increase over the three months given the tight supply of properties.”
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