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Real Estate Briefing - Categorized | Market Moves, Research more

Property market still strong in Auckland

Posted on 08 April 2013

The average asking price for houses in Auckland and Canterbury climbed further in March, reaching their second-highest recorded figures of $610,628 and $438,298 respectively. Nationally, the property market stabilised, and the 12,732 new listings in March did little to ease the record low in inventory seen in February, according to the New Zealand Property Report compiled by website Realestate.co.nz.
The average asking price, a seasonally adjusted mean, of $444,883 was only a small increase on February, but was 4 per cent up on the same time last year, and close to the $446,277 record set in November 2012………………………………………..Full Article: Source


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