The Auckland City property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales within the City of Auckland at 808 in the month rose strongly on a seasonally adjusted basis in November and was up 15% on November 2010. The inventory of unsold houses across the wider Auckland region at 27 weeks remains below the long-term average at 34 weeks of equivalent sales.
The median sales price for property in Auckland City at $565,000 was up 4% as compared to a year ago, and was up significantly on prior months. The asking price expectation of new listings across the wider Auckland region slipped slightly to $556,610 up 2% as compared to a year ago.
The level of new listings coming onto the market across the wider Auckland region in November at 4,459 was up 6% as compared to a year ago.