PHOTO: Peter Thompson – Barfoot & Thompson.
The average selling price of Auckland homes continued to rise in 2017 but prices also recorded their lowest price increase across a calendar year for five years.
“While prices have continued to rise, the Auckland market has been reined in from rapid price increases and has settled into a more stable trading environment,” said Peter Thompson, Managing Director of Barfoot & Thompson.
“In 2017 the average selling price increased by 4.5 percent to $926,632 and the median selling price by 2.7 percent to $843,583.
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