Quote:
CHCH PRESS- BUSINESS PAGE, SATURDAY
House prices and sales volumes hit hit the skids in Auckland in January.
The average prices DROPPED 7.5% in the month. down more than $42,000 (yes thats 3 zeros), a Big real estate company, Barfoot and Thompson.
Barfoot and Thompsons January sale figures showed an average price of $517,613, down from almost $560,000 on average in December....
.... the article goes on further....
Average prices in Jan 2007 were 475k so still up on that....
sales volumes down 40%...
Barfoot and T ended the month with 6173 listings on the books. That was higher than normal showing.
Barfoot and Thompson Director said, "It is not a good time to buy"