09/07/2024
June 2024 Housing Market Update with Stephen Barfoot 📊
Auckland Housing Market Remains in Recovery Mode
Despite the arrival of winter, the Auckland housing market showed resilience in June, with sales prices surpassing those in May.
“From a price perspective, June’s trading was positive with the median price at $1,020,000 hovering around where it has been for the previous three months,” said Barfoot & Thompson Director, Stephen Barfoot.
🏠 Key Highlights:
- Median Price: $1,020,000 (2.5% higher than June last year)
- Average Sales Price: $1,236,336 (4.5% up from May and 12.6% ahead of last year)
- Sales Numbers: 681 (down a quarter from May but showing a seasonal decline)
- First 6 Months Sales: 4,499 homes (28.1% increase from last year)
- New Listings: 1,506 with 5,736 properties on the market (nearly a third higher than last June)
“In the top price segments, 61 sales were above $2 million, with 19 exceeding $3 million. This demonstrates the strength of the market, particularly in higher price brackets,” added Stephen Barfoot.
The Auckland housing market remains in recovery mode, with stable prices and higher sales numbers indicating positive momentum. 🌟
