The Auckland – Manukau property pulse factsheet for March 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales at 416 in the month rose on a seasonally adjusted basis in March and were up just 2% on March 2010. The inventory of unsold houses across the wider Auckland region remains just above the long-term average at 38 weeks of equivalent sales.
The median sales at $447,500 was up 2% as compared to a year ago, but recorded a fall from the prior month. The asking price expectation of new listings across the wider Auckland region is up just 1% as compared to a year ago at $551,720.
The level of new listings coming onto the market in March across the wider Auckland region at 4,073 was up from February but down 11% as compared to a year ago.