Both the average and median selling prices of homes sold by Auckland's largest real estate agency significantly declined in May. Barfoot & Thompson's median selling price declined by $40,000 last month, falling to $955,000 in May from $995,000 in April. That means the agency's median residential selling price has now declined $285,000 from its November 2021 peak of $1,240,000, and is at its lowest point since September 2020. Barfoot's average selling selling dropped by $16,047 to $1,070,819 in May from $1,086,866 in April. The average selling price is now $207,828 lower than the December 2021 peak of $1,278,647.

Source: Otago Daily Times June 02, 2023 02:33 UTC