Barfoot & Thompson's June sales slumped to a 14 year low, while the amount of stock for sale on the real estate agency's books hit a 14-year high. That's down 26% from the 916 it sold in May, and is the lowest number of sales Barfoot & Thompson has achieved in the month of June since 2010. The combination of declining sales running at a 14 year low, while new listings and total stock levels remain elevated, suggests the Auckland market is likely to remain extremely subdued over winter. Barfoot's median selling price in June was $1,020,000. Barfoot's average selling price in June was $1,236,336, the highest it has been since December 2021.

Source: New Zealand Herald July 02, 2024 03:01 UTC