June 13, 2017

National Market Watch, May 2017

Topics: National Market Watch Newsletter 0

May banner.jpg

Sales are down across the country by almost 15% compared to this time last year, demonstrating Auckland’s cooling property market is spreading.

Average prices are also starting to be affected by declining sales.

In Auckland prices are down compared to 12 months ago for the first time since sales started declining late last year.

The average house in Auckland now sells for $947,809, which is well below the $1m benchmark that was set in April, and down 0.6% compared to May 2016.