Signs Housing Market Is Easing

Tuesday 13 April 2004

The average price of a home in Auckland is now more than $400,000, 16.5 percent higher than the same time last year.

By The Landlord

Barfoot and Thompson director Peter Thompson says in March 2003 home buyers were forking out around $352,000 for an average home. A year later, the figure is $411,000.

But he says that with more properties coming onto the market providing more competition, some sellers are having to reduce their price to meet the market.

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