The Auckland – Manukau property pulse factsheet for May 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales in the Manukau region of Auckland at 519 in the month rose significantly on a seasonally adjusted basis in May and were up a significant 33% on May2011. The inventory of unsold houses across the wider Auckland region at 20.6 weeks remains below the long-term average at 33 weeks of equivalent sales.
The median sales at $480,000 was up 3% as compared to a year ago, recent prices have been fairly flat for the majority of the year-to-date. The asking price expectation of new listings across the wider Auckland region also rose to $578,533 up 8% as compared to a year ago.
The level of new listings coming onto the market across the wider Auckland region in May at 3,833 was up 12% as compared to a year ago.