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Those trying to sell their house in Auckland are being warned they may have to drop their price.
Barfoot and Thompson signed up nearly 2000 new listings in October, increasing the year's average by a thousand to over 5500 listings.
Director Peter Thompson says there is plenty of choice out there for buyers, meaning it is taking longer for sales to be made.
However, the glut of houses on the market does not appear to be having any great effect on prices so far, he claimed.
Mr Thompson said the average sale price for Auckland was nearly $547,000 in October, up 1.5 per cent from September.
- Newstalk ZB
