The Auckland region property pulse factsheet for June 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the Auckland region at 2,381 in the month fell slightly on a seasonally adjusted basis in June but was up 17% on June 2011. The inventory of unsold houses slipped lower again to below 20 weeks to sit at 18.1 weeks, the lowest recorded level for over 4 years, this level of inventory continues to track well below the long-term average of 33 weeks of equivalent sales.
The stratified median house price at $529,200 rose 7% as compared to a year ago and continues to show a strong growth now over the past 18 months. The asking price expectation of new listings fell though to $558,366 up 2% as compared to a year ago.
The level of new listings coming onto the market across the Auckland region in June at 3,755 was up 21% as compared to a year ago, however this increase has not dented the low level of inventory of houses on the market.