The Auckland region property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the Auckland region at 2,214 in the month rose on a seasonally adjusted basis in November and were up 27% on November 2010. The inventory of unsold houses slipped again to 26.9 weeks, having risen slightly last month to below the long-term average of 33 weeks of equivalent sales.
The stratified mean sales price at $510,000 rose 6% as compared to a year ago and fairly stable as it has climbed for the past 10 months. The asking price expectation of new listings also rose to $556,610 up 2% as compared to a year ago.
The level of new listings coming onto the market across the Auckland region in November at 4,459 rose 6% as compared to a year ago.
