Barfoot & Thompson reported remarkably flat sales in June as the housing market remains subdued over winter. The real estate agency, the largest in the Auckland residential property market, reported 711 residential sales in June, barely changed from 723 in May and 684 in June last year. However last month's sales were the second lowest, behind only June 2022, for the month of June since 2010, suggesting the Auckland housing market remains in a slump. Selling prices edged up slightly with the agency's average selling price coming in at $1,097,896 in June, up $27,077 compared to May. "The current housing market cycle is probably one of the hardest Aucklanders have been through in recent years," Barfoot & Thompson Managing Director Peter Thompson said.

Source: Stuff July 05, 2023 11:01 UTC