The Bay of Plenty region property pulse factsheet for May 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the Bay of Plenty region at 419 in the month rose on a seasonally adjusted basis in May, and was up 9% as compared to a year ago. The inventory of unsold houses rose to 56 weeks; this still leaves the region slightly below the long-term average of 57 weeks of equivalent sales.
Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $311,000 was down 1% as compared to a year ago and up on the prior month. The asking price expectation of new listings in the Bay of Plenty was up 11% as compared to a year ago at $417,188.
The level of new listings coming onto the market in May at 803 was up from April and up 2% as compared to a year ago.