Auckland house prices still moving down

Housing prices in the Auckland market have continued their descent, in the latest figures out from realtor Barfoot & Thompson.

The agency's average sale price in January 2009 was $502,636, about 1 per cent down from the average in the final quarter of 2008.

It was about 3 per cent down on the figure for January 2008.

The volume of sales in January - at 515 - was actually higher than in December 2008 (461) but lower than in January 2008 (604).

Barfoots managing director Peter Thompson said he anticipated the market would start picking up in the next two to three months.

To read the full NZ Hearld story click here

Posted: 5 Feb 2009

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