The Auckland City property pulse factsheet for June 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales within the City of Auckland at 864 in the month rose on a seasonally adjusted basis in June and was up 25% on June 2011. The inventory of unsold houses across the wider Auckland region at 18.1 weeks remains below the long-term average at 33 weeks of equivalent sales.
The median sales price for property in Auckland City at $556,000 was up 7% although it did slip from the record high reported in May. The asking price expectation of new listings across the wider Auckland region fell as compared to May to $558,366 but was up 2% as compared to a year ago.
The level of new listings coming onto the market across the wider Auckland region in June at 3,755 was up 21% as compared to a year ago.