The country's largest real estate agency made a solid start to the summer selling season, with sales volumes and average selling prices both up in October compared to last year.
Harcourts sold 1895 residential properties throughout the country in October, up 12.2% compared to October last year, while the average selling price of $605,389 in October was up 3.2% compared to a year ago.
New listings were steady, with 2511 properties signed up in October, down 2% compared to October last year, while total inventory available for sale was down 1.2% at 6521.
The most buoyant market was Christchurch, where October's sales were up 17.4% compared to a year ago while the average selling price of $566,466 was up 10.3%.
In the lower North Island, including Hawkes Bay, Taranaki and Wellington, sales were up 4.7% compared to October last year and the average selling price was up 11%.
However although sales volumes were stronger in Auckland, up 7.3% compared to a year ago, prices were weaker.
Harcourts' average Auckland selling price in October was $942,483, which was down 2.2% compared to October last year and down $75,068 (-7.3%) compared to September this year.
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