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Central North Island Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Central North Island Property Market Factsheet

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

Property sales across the Central North Island region at 46 in the month rose very slightly on a seasonally adjusted basis in April but were down a further 13% as compared to a year ago. The inventory of unsold houses rose significantly to 106 weeks to remain well above the long-term average of 79 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $312,875 was down 1% as compared to a year ago but up on the prior month. The asking price expectation of new listings in the Central North Island was down a significant 16% as compared to a year ago at $320,952.

The level of new listings coming onto the market in April at 167 was up from prior month and up a significant 33% as compared to a year ago.

 

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