PHOTO: Peter Thompson.
The new year has not brought any great change to trading patterns in the Auckland residential housing market.
“It was a steady start to the year with sales numbers remaining low while sellers and buyers reached agreement at prices consistent with those for the last quarter of 2017,” said Peter Thompson, Managing Director of Barfoot & Thompson.
“This stable trading trend first emerged in April last year, and has rolled over to the start of the new year.
“In January the average price for sales was $934,753, 1.5 percent higher than the average for the previous three months, while the median price at $830,000 was 1.6 percent lower than the average for the previous three months.
“Variations of 1.6 percent or less across a four-month period represent very little change.
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