Auckland’s April housing figures are out! Below March but well ahead of last year, as the buyer’s market continues

In April, Auckland’s property market gave back half the gains achieved in March, but overall sales maintained their forward momentum from last year’s July low. 

Barfoot & Thompson managing director Peter Thompson said: ‘While April trading did not match the breakthrough results of March, it was still solid.’

 
‘This ensured the market continued to move forward from its low in July last year.’

Since the start of this year, the median price has risen 4.2%，the average sale price has risen 11.9%, while compared with the low point in the price cycle, the median price has risen 6.1%，the average sale price has risen 13.7%。

In April, the median price was $1,007,500，up year on year by 1.3%, but down 4% from March.

The median price remained above $1,000,000, which has become the benchmark for Auckland’s median price.

In April, the average sale price was $1,212,800，up year on year by 11.6%, and down 1.2% from March.

Sales in April totalled 704 properties, down a third from March, but the highest in 3 years for month 4 of the year。

In terms of buyer choice, the housing market remained a buyer’s market, with 5770 properties available at month-end, marking a run of 3 consecutive months with more than 5000 properties available。

Month-end stock was bolstered by 1580 new listings in April, the highest number of new listings for April in 3 years.

Sales at the upper end of the market remained strong, with 57 properties selling at or above $2,000,000, accounting for 8.1% of all sales. A further 12 properties sold for more than $3,000,000。

Sales in the rural and lifestyle property market totalled $40,200,000 in April, up year on year by nearly 50%. These sales absorbed some stock, but plenty of rural and lifestyle properties remained available, giving buyers a wide choice.