Auckland's property market rebounds in November with median prices over $1 million, sales up.

Auckland's property market showed signs of recovery in November, with sales and prices increasing. Median selling prices surpassed $1 million for the first time in five months, up 6.8% from the previous quarter, while sales rose 6% to 1,002, the first time over 1,000 in eight months. Factors contributing to this growth include falling mortgage rates, declining inflation, and an improving economy. Despite increased buyer interest, high stock levels may limit future price hikes.

December 02, 2024
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