PETER THOMPSON'S HOUSING UPDATE FOR MAY
Good morning,
Home buyers were out in force during May in Auckland, with sales for the month increasing by more than a quarter on those in the previous month and reaching their highest in the month of May for four years.
May was an exceptional month with sales of 1,072 properties, the third month in a row where sales numbers for the month have established post 2021 records. Sales in May were up 27.3 percent on those for April. From a sales number perspective, the market is humming.
Contributing to the high turnover in property is that prices are static, with the median sales price for the month at $928,500 and the average sales price at $1,085,751.
