Harcourts had a big lift in sales last month but the Auckland market has been flat for several months

New Zealand’s largest real estate agency sold almost a third more homes in September than it did in the same month last year.

Harcourts sold 2316 homes last month, which was 32% more than the 1756 homes it sold in September last year, and 11% more than it sold in August (see table below).

It’s average selling price in September was $539,961 compared with $513,608 in August and $473,784 in September last year, giving an annual increase of 14%.

However the number of homes the agency sold in the Auckland/Northland market has not increased beyond the levels achieved over winter and has fallen slightly for two months in row.

In Auckland/Northland the agency sold 641 homes in June, 668 in July, 646 in August and 636 in September, although that was still up by 10% compared to the 576 it sold in September last year.

The average selling price in Auckland/Northland last month was $841,502, which was up 23% compared to September last year.

Harcourts Dwelling Sales September 2015
September 2015 August 2015 July 2015 September 2014
Auckland/Northland:
 New listings 798 829 647 671
 Total inventory 1660 1624 1443 1771
 Number of sales 636 646 668 576
 Average selling price $841,502 $817,580 $828,009 $683,101

Referenced from http://www.interest.co.nz

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