Barfoot & Thompson unsold houses hit record: 6200 places available

Auckland’s largest real estate agency pushed up sales last month but its glut of unsold homes has now hit a record. Barfoot & Thompson’s unsold stock numbers have been climbing lately, with 5300 places unsold in January and 5900 in February but 6200 last month. Peter Thompson, managing director, said: “The Auckland housing market has responded aggressively to improved buying conditions with turnover in March hitting the highest number of sales in a month for more than three years, and with prices at their highest this calendar year.

The long-anticipated housing market recovery has finally arrived.” The agency sold 1213 properties in March, the most since July 2021. Thompson acknowledged the glut also: “Buyer choice remains at an all-time high despite the high sales in March, and we listed 2103 new properties in the month through a combination of new builds reaching the market and existing properties”.



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