Shaking off the summer lull
While the city’s average sales price was up slightly in February, as compared to January, its median price was down, according to Auckland’s biggest real estate agency.
The average sales price rose by 1.3% to come in at $822,024, as compared to $811,700 in January.
Conversely, the median price dropped by 2.9% to $738,000, from $760,000 in January.
Barfoot & Thompson managing director Peter Thompson said that, while Auckland’s house prices have retreated from the record prices set in the second half of 2015, they are still higher than they were at the same time last year.
January’s average sale price was up 10% on that of February last year, while January’s median price was up 7.5% on last February’s.
In Thompson’s view, this could signal that the Auckland market’s slowdown may be a temporary one.
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