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Auckland – Manukau Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Auckland Property Market Factsheet

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.

 

Article Discussion

  1. Dan Hewes says:

    If you look at the REINZ website and search statistical information, go to reports and medians then search R039 residential median by suburb, the report shows 486 sales for Manukau ? I also checked Manukau rural sales to see if this was the reason for the anomalie between 519 and 486, but found no reported sales for May. Where do i find 519 ?

  2. Dan

    The figure of 519 sales comes from the R059 REINZ Property Market Report for May 2012 – on page 8 you will see total sales fro Manukau at 519.

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