The Market Powers On

Barfoot & Thompson reports listings at an all time low, despite sharp increase in new listings in July; median price drops by NZ$5k to NZ$585k

August 5, 2013 David Hargreaves

Auckland’s biggest real estate firm Barfoot & Thompson says its listings in July fell to an all-time low, despite a big rise in new listings during the month.

The median price fell by NZ$5000 to NZ$585,000, while the average house price rose to NZ$654,379, an increase of  over $4,000 on June’s average price.

Barfoot & Thompson is much Auckland’s largest real estate firm, accounting for around 40% of sales.

During July the company saw a 37% increase in listings compared with the same month ago and had its second best month for new listings in 2013. But it also had its best July for sales since 2005.

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