Auckland's housing market surged in October with prices up 4.5% amid lower mortgage rates and spring.

In October, Auckland's housing market rebounded significantly due to lower mortgage interest rates, falling inflation, and the arrival of spring. Average property prices rose by 4.5% to $1,129,950, while the median price increased 2.2% to $955,000. New listings hit a record 2,361, reflecting increased vendor confidence. Despite a slight decrease in sales from September, overall activity surged, indicating a revitalized market.

November 03, 2024
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