New Zealand

Auckland housing market has active start to 2013

The Auckland housing market in New Zealand has experienced its most active January in five years with significant levels of new listings and sales, the latest market report shows. Compared to last January, the average price is up 13.4% and the average price also topped $600,000, the data from estate agency Barfoot & Thompson shows.

Managing director Peter Thompson said that the Auckland housing market is showing all the signs that it has picked up from where it left off in December, and that sales numbers and values will hold up through the remainder of the warm months to come. ‘Normally, January is a quiet month with so many people away from the city enjoying their summer break, but this has not been the case this year,’ said Thompson. [click to continue…]

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