Barfoot and Thompson's January sales figures contain mixed messages with sales numbers and new listings both rising, but selling prices falling sharply. The real estate agency, which is the biggest in the Auckland market, sold 504 residential properties in January, a considerable improvement (+17%) on January last year. That means Barfoot is starting 2024 with the second highest number of properties available for sale in more than 10 years. The average price of the residential properties the agency sold in January was $1,083,487, down by $97,812 (-8.3%) compared to December last year, and down by $195,160 (-15.3%) from its December 2021 peak. It is not unusual for median and average selling prices to dip at the start of the year but the size of this year's drop was a surprise.
