Market flat line continues
Once seasonally adjusted, the Super City’s median house price fell by 1.7% to $800,000 in February, as compared to $805,000 in January.
It is the fourth month in a row that the median house price has dropped – although, once seasonally adjusted, the median house price still saw year-on-year growth of 11%.
At the same time, on a seasonally adjusted basis, Auckland sales volumes were 8.9% lower in February than in the same period last year.
Inventory in the region has increased by 20% over the past year and there has been a sharp rise over the past three months.
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