On a regular basis we publish a factsheet for each region of the country as well as a national report to provide an insight to the key numbers that detail the health of the property market across the country.
These reports for the month of July covers all 16 provincial regions as well as reports covering the 3 main metropolitan regions of Auckland, Wellington and Christchurch. The Auckland report is divided up into each of the main metro areas (North Shore, Waitakere, Manukau as well as Auckland City).
Each factsheet provides the key numbers in table and chart form using the key statistics from the Real Estate Institute of NZ and Realestate.co.nz. This provides the number of property sales in the month, the median sales price for those property sales, the inventory of unsold properties on the market, as well as the number and the asking price expectation of new listings brought onto the market in the month.
National Property Pulse factsheet – July 2012
The national property pulse factsheet for July 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the country totaled 5,907 in the month showing a very small fall on a seasonally adjusted basis in July but at the same time representing a 20% increase as compared to a year ago. The inventory of unsold houses on the market rose slightly to 31 weeks reversing what had been a steady decline, the level is though well below the long term average of 40 weeks. This level of unsold properties on the market represents a very clear sellers market..
The stratified median house price for property sales in July was $380,425, which represents a 5% increase from July last year. There was a small fall from June which itself was a new record level for the country. The recent trend continues the steady increase for the past 18 months. The asking price expectation of new listings rose in July to $429,181 as measured on a seasonally adjusted basis, this represents a 4% increase from the asking price in July last year.