KEY POINTS:
The number of residential real estate sales climbed in June but prices slipped back, according to the latest Crockers market research report.
Although the numbers are up from last month, they're still "anaemic", says the report. There were just 4,305 sales through in June compared to 7,474 in the same period last year.
The June national median price slipped $7,000 from $347,000 last year to $340,000 in June 2008. The average time to sell rose from 30 days last June to 51 this year.
A similar story was reflected in Auckland sales - 1,446 sales compared with 2,687 in June last year. The median price dropped $10,000 from $445,000 last June to $435,000 this year.
Meanwhile, rental prices remain firm in most areas, according to the Crockers newsletter.
Three-bedroom rentals edged upwards by 6 per cent to a national average of $340 a week from $320 last year.
The two-bedroom rental market was also stable, recording an average of $280 per week for the fifth consecutive month, while the Auckland average dipped $3 from $338 to $335 per week. Auckland rental returns fell from last month's high of $445 to $436.
- NZHERALD STAFF
