The Auckland – Manukau property pulse factsheet for June 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 419 in the month fell quite significantly on a seasonally adjusted basis in June although it was still up 7% on June 2011. The inventory of unsold houses across the wider Auckland region at 18.1 weeks remains below the long-term average at 33 weeks of equivalent sales.
The median sales at $495,200 was up 6% which represented a strong rise as compared to May at $480,000. The asking price expectation of new listings across the wider Auckland region fell as compared to May to $558,366 but was up 2% as compared to a year ago.
The level of new listings coming onto the market across the wider Auckland region in June at 3,755 was up 21% as compared to a year ago.