PHOTO: NEVILLE MARRINER/STUFF Barfoot & Thompson’s average sales price last month was $939,132.
Real estate agency Barfoot & Thompson says the city’s real estate market had a rush of spring activity last month.
“A feature of the market since March has been the modest number of properties being listed, and by the start of October the number of properties on the market was at its lowest for more than two years,” said Peter Thompson, agency managing director.
“In October that changed, with new listings being a third higher than in September, and more than 40 per cent higher than the average for the previous three months.
“It brought committed buyers back into the market with sales for the month increasing to 824, up 6.9 per cent on those for the previous month and 3.1 per cent higher than the average for the previous three months.”
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