Barfoot & Thompson's November sales down 41% year-on-year

Barfoot & Thompson's residential property sales continued at a 12 year low in November, while stock levels hit an 11 year high. The real estate agency, which is the biggest by far in the Auckland market, sold 700 residential properties in November. That's up from 627 in October, but down from 1182 (-41%) compared to November last year. Sales were also down 27% compared to pre-Covid levels when 960 properties were sold in November 2019. It was Barfoots lowest November sales volumes since 2010 when the agency sold 668 properties.