Strong performance from Auckland housing market as it heads into the year end

PHOTO: Peter Thompson – Barfoot & Thompson

he Auckland housing market is ending the calendar year strongly with sales numbers in November their highest in six months, and with the average price at its highest in 12 months.

“Trading activity increased strongly in October, and November’s sales have built on that momentum,” said Kiri Barfoot, Director, Barfoot & Thompson.

“The average sales price for the month at $937,792 is the highest it has been since December 2017 and is $24,000 higher than it was in November last year.

“Combined with sales for the month of 941, the highest they have been in a month since May, and you have a balanced and stable housing market.

“Buyers and sellers are putting speculation around future trading conditions aside and acting with confidence at current market prices.

Time period	Number of sales*	Total value of sales
Nov 2018	941 properties	$881,525,223
Nov 2017	757 properties	$691,326,237
12 months to Nov 2018	9949 properties	$9,241,071,022
12 months to Nov 2017	9084 properties	$8,443,417,086