Election Hesitancy Affects Property Sales Numbers But Not Prices
Pre-election hesitancy led to soft sales numbers in the Auckland property market in October, but vendors remained convinced that prices have reached the bottom of the price cycle.
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โPrices had a mini rally in October in spite of the level of property for sale being at its highest for nearly two decades,โ said Peter Thompson, Managing Director of Barfoot & Thompson.
October 2026 housing market by the numbers:
๐ $967,500 median sale price, up 2.9% from September
๐ก 696 properties sold
๐ 1,845 new listings, 15.9% higher than the monthly average for the previous 3 months
๐๏ธ 6,508 properties on our books at month's end
With plenty of properties on the market, buyers continue to benefit from a wide range of choice across all price segments.
Read the full October Housing Market report here.
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