The average selling selling price declined for the second month in a row to $1,182,630. That means the average May selling price was down $96,017, or 7.5%, from the December 2021 peak of $1,278,647. Unusually, Barfoot's median selling price headed in the opposite direction, rising to $1,011,900 in May from $1,007,500 in April. That means the current stock level is at its highest level in 13 years. Barfoot & Thompson Managing Director Peter Thompson said the boost in sales over May was the result of vendors cutting their asking prices.

Source: Stuff June 05, 2024 08:13 UTC