Auckland house prices continued to rise in August, but signs the rate of increase is slowing – which first showed up in July – were still present. “August’s price increase was restrained, for both the average price and the median price,” said Peter Thompson, Managing Director of Barfoot & Thompson. “The slow-down is not so obvious when comparing August data with that for July, but when you look at the average for the previous 3 months it becomes more apparent. “The average sales price in August was $906,560. While this was up 4.5 percent on that for July, it was up only 2.6 percent on the average price over the previous 3 months.
I am seeing reduced numbers at open homes but prices have remained quite robust.
Note: The Te Atatu Peninsula average 3 bedroom house is up 3.19% from last month, while rent has stayed the same.
Te Atatu Peninsula Market Update – April