The Taranaki region property pulse factsheet for June 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the Taranaki region at 136 in the month fell significantly on a seasonally adjusted basis in June and was down 5% as compared to a year ago. The inventory of unsold houses on the market fell sharply to 28 weeks, this leaves the inventory in line with the long-term average of 27 weeks of equivalent sales.
Median sales price of property sold in the Taranaki region at $283,750 was up 11% compared to a year ago and up slightly from the prior month. The asking price expectation of new listings was flat as compared to a year ago at $278,586 which represented a significant fall from the May level of $322,645.
The level of new listings coming onto the market in June at 270 was well down on the prior month but at the same time down 29% as compared to a year ago.