Auckland property prices stay firm as listings swell
Barfoot & Thompson February Report
Auckland residential property prices held steady during February but there are signs that an increase in the number of listings will begin to contain prices.Sales volumes in February were down 15 per cent on the same period last year.
Concurrently, the actual number of available listings reached its highest level since March 2013, at 3674.
Barfoot & Thompson Managing Director, Peter Thompson, said these figures indicate that the market is good for buyers, but sellers need to be cautious not to overprice their properties.
“We are starting to see a return to listings levels of October and November last year. For buyers, that’s good, they can start to shop around, but greater choice means more competition. Sellers will need to be realistic and not overvalue their assets if they want them sold.”
Link:
http://www.barfoot.co.nz/Market-reports/2014/February/Market-update.aspx
