Auckland realtor has highest August listings in four years
Hannah Lynch | Wednesday September 05, 2012
Auckland realtor Barfoot & Thompson reports its highest listings for the month of August in four years as the average price held at near record levels.
The city’s biggest real estate agency says listings rose 9.4% to 1414 in August. The average price rose “less than $1000″ to $592,395.
The number of houses sold climbed to 1016 last month from 998 in July. That is the third time this year the firms sold more than 1000 homes in a month.
Over the past four years the agency only sold over 1000 homes on one other occasion, in March 2011.
“While prices are significantly ahead of those for the same period last year, the demand for property through the winter months meant the traditional dip in values did not occur,” managing director Peter Thompson says.