The Real Estate Institute said today home sales nationally were down 12.9% in March compared to a year ago.
Barfoot & Thompson managing director Peter Thompson saw trading in houses in March following the normal pattern, as sales nearly doubled from February while prices were stable.
Barfoot & Thompson managing director Peter Thompson said this week the average price for the agency’s home sales in September was marginally up on August, while the median was marginally down.
The Real Estate Institute said today residential sales increased by 17.8% from October to November, the biggest jump between those 2 months in 6 years.
Real estate agency Barfoot & Thompson’s residential sales rose from April to May but were well down on a year ago, and managing director Peter Thompson said prices showed no signs of retreating.
Barfoot & Thompson said on Friday its average sale price for residential properties reached a record high of $944,574 in February while sales were at their lowest in 6 years and available choice was at its highest for 5 years.