https://www.scoop.co.nz/stories/BU2511/S00029/aucklands-house-prices-stable-in-october.htm
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Auckland’s House Prices Stable In October |
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The Auckland residential housing market’s price stability continued in October, with the median selling price increasing to $950,000.
“While October’s median selling prices increased by 2.2 percent during the month this is not an indication prices were on the move, rather it is a signal that prices are stabilising around the $950,000 mark,” said Peter Thompson, Managing Director of Barfoot & Thompson.
“Buyers are not yet prepared to put aside their caution.
“It does point to the market having reached a sound price base, and one from which it can face the summer trading season with growing confidence.
“The Auckland market is still waiting for a recovering economy to give it that final push.
“The average sales price for October at $1,079,030, was within 1 percent of September’s average price, and it too has been stable for 3 months.
“Sales numbers at 930 for the month were down 9.9 percent on those for September, and 4 percent lower than in October last year but it still represents a solid month’s trading.
“Sales in the under $750,000 price category continue to have a strong pull on the median price, with a quarter of all sales in the month falling into this price category. Two years ago, they represented only 16 percent of sales in October.
“It underlines the influence lower cost town houses and apartments are having on the nature of Auckland’s housing stock, and median and average sales prices.
“The arrival of spring has seen the traditional strong rise in new listings with 2167 new properties being listed, an increase over those for September of 21.7 percent.
“At month’s end we had 6024 properties on our books, the highest level in 3 months.
“The rural and lifestyle markets experienced modest trading during October, with sales turnover of $38 million being the lowest month’s trading this year.”
Notes:
Barfoot & Thompson knows Auckland best. It is the city’s leading real estate company, selling around one in three of all homes sold.
| October 2025 | Previous Month | Previous 3 Month Average | October 2024 |
Average Price $1,079,030 | $1,089,686 -1% | $1,090,358 -1% | $1,129,950 -4.5% |
Median Price $950,000 | $930,000 +2.2% | $943,000 +0.7% | $955,000 -0.5% |
Sales 930 | 1032 -9.9% | 959 -3% | 969 -4% |
New Listings 2167 | 1781 +21.7% | 1669 +29.8% | 2361 -8.2% |
Month-End Stock 6024 | 5775 +4.3% | 5907 +2% | 5611 +7.4% |
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