16 Jun 2022

House prices keep falling

From Morning Report, 7:46 am on 16 June 2022

House prices are continuing to fall and houses are taking longer to sell.

In the latest Real Estate Institute price index, the median in Auckland fell 1.9 percent from a year ago to one point one million dollars $1,125,000.

Residential sales volumes in the city dropped by 38 percent from May last year.

Barfoot and Thompson managing director Peter Thompson.