The Auckland housing market had its busiest May trading in seven years, said agency Barfoot and Thompson this morning, with average sales prices increasing by 2.5 per cent from the month before to $582,285.
Company managing director Peter Thompson said there were 1165 sales during the month - up 31 per cent from the same month last year and a 55.3 per cent rise from the month before.
Thompson said there were no signs of any slow down that usually happened as winter approached.
"A significant number of new listings, keenly priced mortgage lending rates, fine weather and a large pool of potential buyers all played their part in the level of activity achieved," he said.
The company, Auckland's largest, listed 1421 properties during May, up 12.2 per cent from April.
