Barfoot & Thompson had its worst April in 22 years last month while the agency's median selling price dipped below $1 million for the first time in more than two years. April was the first month that Barfoot's median selling price has dropped below $1 million since January 2021. The agency's average selling price was $1,086,866 in April, the lowest it has been since February 2021. New listings and end of month stock levels were also lower. "Based on the number of sales made in April, winter has come early for the Auckland housing market," Barfoot & Thompson Managing Director Peter Thompson said.

Source: New Zealand Herald May 02, 2023 14:04 UTC