{"id":458047,"date":"2026-06-03T01:47:09","date_gmt":"2026-06-03T01:47:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/458047\/"},"modified":"2026-06-03T01:47:09","modified_gmt":"2026-06-03T01:47:09","slug":"barfoot-thompsons-sales-jumped-in-may-and-prices-edged-higher","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/458047\/","title":{"rendered":"Barfoot & Thompson’s sales jumped in May and prices edged higher"},"content":{"rendered":"

Residential sales picked up in May for Auckland’s largest real estate agency, while selling prices were volatile.<\/p>\n

Barfoot & Thompson sold 885 residential properties in May, up a whopping 29% from April. However, that was still down 17% compared to May last year.<\/p>\n

Selling prices were also up in May versus April, with the average sales price rising $25,965 to $1,157,213 from $1,131,248 in April, up 2.3% for the month.<\/p>\n

The real estate agency’s median selling price hit $980,000 in May, up 2.6% from April.<\/p>\n

However, both the average and median selling prices have been volatile on a month-by-month basis since the start of the year, making it hard to pick a trend.<\/p>\n

For example, Barfoot’s median selling price started the year in January on exactly $1 million, declined to $904,000 in February, increased to $1,030,000 in March, declined to $955,250 in April, then increased to $980,000 in May.\u00a0<\/p>\n

The number of new listings signed up by the agency dropped away sharply at 1586 in May, down 9.1% compared to April, and down 14.5% compared to May last year.<\/p>\n

However, the total amount of stock for sale on the agency’s books remains very high at 6188 residential properties at the end of May, up 1.7% compared to May last year. That’s the\u00a0highest stock level for the month of May since 2008. So buyers have plenty to choose from.<\/p>\n

“In May, the market returned to the modest growth we saw in the first quarter of the year and is performing more positively than during the first five months of 2025,” Barfoot & Thompson Managing Director Peter Thompson said.<\/p>\n

“It is encouraging to see the market displaying such resilience,” he said.<\/p>\n

See the chart below for the monthly movements in Barfoot’s average and median prices and the number of sales.<\/p>\n

Select chart tabs<\/p>\n

average price growth % year on year
\n average price
\n number sold
\n new listings<\/p>\n

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