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Auckland sales down, listings and prices up

Friday 4th of November 2011

"The housing market in October followed a similar pattern to that we have seen for the past four months, and we remain in a relatively stable period in terms of prices and activity," said Barfoot & Thompson managing director Peter Barfoot.

"The feature that was different was the number of new homes listed for the month. At 1314, this was an increase of 4% on that for last month and the highest number of homes listed since March.

"It created greater choice and raised buyer interest."

Thompson said that in October prices rose by 1.1% on September, with the average price climbing to $553,765.

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