The Unconditional Blog

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

Property sales across the Taranaki region at 201 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 slightly to 35 weeks to remain well above the long-term average of 25 weeks of equivalent sales.

Median sales price of property sold in the Taranaki region at $255,000 fell by 7% as compared to a year ago and was also down from the prior month. The asking price expectation of new listings was down 9% as compared to a year ago at $292,077.

The level of new listings coming onto the market in May at 197 was down from the prior month and down 4% as compared to a year ago.

The Taranaki 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 166 in the month barely moved on a seasonally adjusted basis in March but were down by 9% as compared to a year ago. The inventory of unsold houses rose again to remain well above the long-term average at 38 weeks of equivalent sales.

Median sales price at $270,500 was down 3% as compared to a year ago and down from the prior month. The asking price expectation of new listings was up very slightly by 1% as compared to a year ago at $319,624.

The level of new listings coming onto the market in March at 260 was marginally down from February and down a significant 21% as compared to a year ago.

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

Property prices in Taranaki rose again in July to $292,000 from $285,000 in June. As compared to a year ago prices in the region are up by 4.2%.

Property sales in the region rose by 15% in July on a seasonally adjusted basis. A total of 145 properties were sold in July. On a moving annual basis sales are down 2% with 1,852 sales in the past 12 months compared to 1,890 in the prior 12 months.

Inventory of houses on the market spiked up again to 32 weeks of equivalent sales in July, equaling the peak of April this year. This July inventory of 32 weeks of equivalent sales continues to be well above the long term average of 22 weeks. This would indicate that the market still favours buyers.