The Unconditional Blog

The Manawatu / Wanganui region property pulse factsheet for May 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in the Manawatu and Wanganui region at 279 in the month rose significantly on a seasonally adjusted basis in May and were up 20% as compared to a year ago. The inventory of unsold houses on the market fell to 50 weeks to remain above the long-term average of 40 weeks of equivalent sales.

Median sales price of properties sold in the Manawatu and Wanganui regions at $230,000 was up 2% as compared to a year ago and up from the prior month. The asking price expectation of new listings was down 6% as compared to a year ago at $248,755.

The level of new listings coming onto the market in May at 388 was down from prior month and down 11% as compared to a year ago.

The Manawatu / Wanganui region property pulse factsheet for March 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales at 250 in the month fell on a seasonally adjusted basis in March and were down by 7% as compared to a year ago. The inventory of unsold houses rose again to remain well above the long-term average at 58 weeks of equivalent sales.

Median sales price at $218,000 was down 6% as compared to a year ago and down from the prior month. The asking price expectation of new listings was down slightly by 3% as compared to a year ago at $270,605.

The level of new listings coming onto the market in March at 505 was down from February and down a significant 26% as compared to a year ago.

The Manawatu / Wanganui region Property Market factsheet for August 2010 can be downloaded by clicking this icon.

Property prices in the Manawatu / Wanganui region rose in July to $232,000 from $219,000 in June. As compared to a year ago prices in the region are up 3.5%.

Property sales in the region fell on a seasonally adjusted basis by 12.8%. A total of 207 properties were sold in July. On a moving annual total basis sales are down 8.8% with 2,920 properties sold in the past 12 months compared to 3,203 in the prior 12 month period.

Inventory of houses on the market rose again to 51 weeks of equivalent sales on the market as compared to 47 in June. The current inventory continues to be above the long term average of 36 weeks. This would indicate that the market still swings in favour of buyers.