3 May 2014

Auckland house prices still at record

6:37 pm on 3 May 2014

House prices in Auckland have hit a record high for the third consecutive month.

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Figures compiled by the Real Estate Institute's official website show the average asking price is now just over $685,400.

Nationally, however, the price dipped from March to April, and the national average asking price is now $477,460.

The marketing manager of the real-estate.co.nz website Paul McKenzie said that was still higher than in the same period last year.

He said it showed the start of a recovery and a rebalancing between buyers and sellers.