In September, Auckland's Barfoot & Thompson sold 985 homes, an 11% increase from August, despite a 2.4% drop in average prices.

In September, Auckland's Barfoot & Thompson sold 985 homes, a nearly 11% increase from August, despite a 2.4% drop in average prices. The median price was $952,500, down 3.1%. Nationally, CoreLogic reported a 0.5% decline in house values for the seventh month, with a total drop of 4.7% since February. While lower mortgage rates have improved sentiment, challenges like affordability and high listings persist, indicating a cautious outlook for the market.

October 01, 2024
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