Listings rise and prices fall

The Auckland housing market is "settling down", with real estate company Barfoot & Thompson reporting a rise in listings and a fall in prices last month compared to August.

Barfoot & Thompson said it sold 917 homes in September - the second-highest monthly total for 2009 - at an average price of $514,890. The price was 3.8 per cent up on a year earlier, but down 3.2 per cent on August.

Barfoot & Thompson managing director Peter Thompson said prices were not overheating.

The fall in the average price from August showed monthly variations were still happening.

To read the full NZ Herald article click here

Posted: 6 Oct 2009

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