Unprecedented sales activity in March has seen Auckland's residential housing market establish new records for prices and sales numbers.
"March is always the most active month for property sales, but there has never been a month's trading to compare with the past month," said Peter Thompson, Managing Director of Barfoot & Thompson.
"It has set a string of new records.
"The average sales price increased by 3.9 percent on that for February, pushing the average sales price to an all-time high of $776,729. It is more than $17,000 higher than the previous record average price set in December last year.
"The median price at $711,000 increased by 1.1 percent over that for February, and is 9 percent higher than the median in March 2014.