The Hawkes Bay region property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the Hawkes Bay region at 192 in the month rose on a seasonally adjusted basis in November and showed a 10% rise as compared to a year ago. The inventory of unsold houses on the market remained stable at 44 weeks to sit just in line with the long-term average of 45 weeks of equivalent sales.
Median sales price of properties sold in the Hawkes Bay at $288,750 was up 7% as compared to a year ago and up significantly from the prior month. The asking price expectation of new listings was up just 1% as compared to a year ago at $349,748.
The level of new listings coming onto the market in November at 438 was up from prior month and up 7% as compared to a year ago.