For the fourth month, the rate of growth at house sales market is slow. As per Barfoot & Thompson, Auckland’s biggest real estate firm’s estimates, the percentage of houses has been slipped by 25% in September 2010, compared to the same month previous year.

The rate of growth in house sale at September 2010 is 8.1% more than August 2010.

Managing Director Peter Thompson has commented that while prices of the houses are returning slowly to the previous level, the rate of sale remains slow.

He added that 1,203 new houses were added in their books for sale, in September 2010, which is 11% more than August 2010. However, the figure is 18% less than the figure of same month last year. Further, the real estate firm had 5,572 houses for rent in its listings, which is 6% more than the houses last year same time.

As the New Zealand’s economy is growing at slow rate, kiwis are going to Australia for work and the normal households are concentrating on reducing debt, the home market is growing at slow rate. Mr. Peter Thompson remains optimistic about the future of the property sale market.