Barfoot and Thompson had their lowest level of sales for the month of June in 12 years last month, while the total number of homes the agency had available for sale was at its highest level in 11 years. That was the lowest number of residential properties the agency has sold in the month of June since 2010. That increase came after two consecutive declines in April and May, but June's median price remains down by $92,500 (-7.5%) from its November 2021 peak of $1,240,000. Barfoot & Thompson Managing Director Peter Thompson said no one saw the modest increase in the June median price coming and it was likely to be a statistical blip. "Sales of properties for the month were the lowest they have been in a June [month] since 2010, when the market was recovering from what economists termed a technical recession.
Source: Stuff July 04, 2022 01:27 UTC