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Auckland's home sales hit a four-year high in September, driven by spring demand and price concerns, though prices remained flat year-on-year.
Auckland’s residential property market saw a surge in September, with 1,032 homes sold—the highest volume in four years—driven by spring buying activity and buyer anticipation of price increases.
Sales rose 13.8% from the previous quarter, though the median price dipped to $930,000, down 2.1% from August but nearly flat year-on-year, signaling a potential pause in the four-year decline.
The average price was $1.09 million, up 0.8% from last year.
Homes under $750,000 remained popular, making up 26.5% of sales.
New listings reached 1,781, raising inventory to 5,775, the highest for September since 2008.
The rural and lifestyle sector recorded its strongest September in five years, with $73 million in sales.
Luxury transactions above $3 million were limited, with only 12.
Despite rising sales, the market remains under pressure, with prices still down significantly from 2021 peaks and inventory levels elevated.
Las ventas de viviendas de Auckland alcanzaron un máximo de cuatro años en septiembre, impulsadas por la demanda de primavera y las preocupaciones sobre los precios, aunque los precios se mantuvieron estables interanualmente.