Spring rise for Auckland house sales continues

Auckland's property market is continuing its traditional spring bounce, according to new numbers from Barfoot & Thompson, the region's largest real estate firm.

Its agents sold 917 homes during September, its second highest for any month in 2009. The average price was $514,890 - an increase of 3.8 per cent when compared to the same month last year.

"This was the third consecutive month our average price for the month exceeded that for the corresponding average in 2008, and I take that as a good indicator that house prices on a year on year basis have stopped falling, said company managing director Peter Thompson.

While sales were up, Thompson said prices were 'not overheating' - with the average September price last month down 3.2 per cent from the month before

To read the full NZ Herald article click here

Posted: 5 Oct 2009

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