Auckland’s November sales at four year high
The real estate agency saw 960 sales in November, which was a 16.5% increase on October’s 824 sales and a 2% increase on the 941 sales seen at the same time last year.
Barfoot & Thompson director Kiri Barfoot says sales were the highest in a month since March this year and the highest they have been in a November since 2015.
“Activity has not returned to the heydays experienced at the height of the previous price cycle but Auckland sales have certainly shrugged off the modest turnover and price movements experienced over the past two years.”
The results, which show committed buyers have returned to the market, were foreshadowed by strong sales in October, and the lift the market received then has flowed into significantly higher prices in November, she says.
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