Auckland House Buyers Out In Force In May, Setting New Sales Highs

House 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 1072 properties, the third
month in a row where sales numbers for the month have
established post 2021 records,” said Peter Thompson,
Managing Director of Barfoot & Thompson.

“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.

“The market is in one of those rare
moments where prices are stalled and now represent better
value for money than at any time in the last two to three
years.

“Buyers are recognising the market is
potentially on the cusp of change and are taking advantage
of the prices on offer.

“The number of
homes for sale remains high, with 1855 new listings in the
month, a nine-year high for May, bringing the number of
homes on our books at month end to 6083. This is double the
number of homes for sale in 2021 when sales prices
peaked.

“The level of new apartment
style homes reaching the market is beginning to influence
market statistics.

“For example, 30 percent of the
homes we sold in May were valued at under $750,000, while
five years ago, only 7 percent of the homes we sold in May
were in this price category.

“As well as making
homes more accessible to those on limited incomes, the
volume of apartment style homes being sold are keeping in
check the market’s median and average sales
values.

“At the top end of the market, sales of
properties in the $2 million and above price category remain
strong, with monthly sales in this price segment
year-to-date running at 57, their highest post the 2021/2022
price peak.

“The rural and lifestyle markets to the
north, south and west of the Auckland metropolitan area also
experienced a strong lift, with sales for the month reaching
nearly $80m, our highest monthly sales in these markets this
year.

“Compared to April, rural and lifestyle sales
numbers were up 61 percent, and total sales values were up
30 percent.”

Note:

Barfoot& Thompson
knows Auckland best.It is the city’s leading real
estate company, selling around one in three Auckland
residential homes, significantly ahead of all other
competitor brands.

For further
information, contact Peter Thompson, Managing Director,
Barfoot & Thompson, telephone 09 307 5523 or 027 453
5931 www.barfoot.co.nz

Released on behalf of
Barfoot & Thompson by Network Communication (Dennis
Lynch) telephone 021 963 733
dennis.lynch@networkcommunication.co.nz

May 2025	Previous Month	Previous 3 Month Average	May 2024
Average Price $1,085,751	$1,110,689 -2.2%	$1,120,913 -3.1%	$1,182,630 -8.2%
Median Price $928,500	$934,000 -0.6%	$945,000 -1.7%	$ 1,011,900 -8.2%
Sales 1072	842 +27.3%	913 +17.4%	916 +17%
New Listings 1855	1578 +17.6%	1918 -3.3%	1695 +9.4%
Month-End Stock 6083	6113 -0.5%	6126 -0.7%	5763 +5.6%

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