Auckland house sales, prices take a tumble

Barfoot & Thompson recorded a fall in Auckland house sales and prices in December, while describing the market in 2010 as "steady".

Last month the company's sales were down 19.1 percent from December 2009 to 524, with the average sales price down 4.2 percent to $529,682.

Barfoot & Thompson managing director Peter Thompson said it was a social reality that the weeks just before Christmas signalled a slower sales period, as Aucklanders turned their focus to holiday plans.

Overall Auckland's housing market ran at a steady pace throughout 2010 with new listings and average sale prices for the year consistent with 2009.

For all of 2010 the average sale price was $529,648, up 1.4 per cent from the 2009 average, while the 665 average monthly house sales last year was down from 780 in 2009.

To read the full NZ Herald article, click here

Posted: 10 Jan 2011

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