The Auckland – Manukau property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales in the Manukau region of Auckland at 423 in the month rose on a seasonally adjusted basis in November and were up a significant 43% on November 2010. The inventory of unsold houses across the wider Auckland region at 27 weeks remains below the long-term average at 34 weeks of equivalent sales.
The median sales at $484,000 was up 9% as compared to a year ago, recent prices have been fairly flat for the majority of the year until this significant upturn. The asking price expectation of new listings across the wider Auckland region rose to $556,610 up 2% as compared to a year ago, and in-line with the recent months.
The level of new listings coming onto the market across the wider Auckland region in November at 3,796 was down 3% as compared to a year ago.