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Central North Island – Property Pulse factsheet – March 2011

Posted on: April 18th, 2011 | Filed in Central North Island Property Market Factsheet

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

Property sales at 50 in the month fell on a seasonally adjusted basis in March and were down a significant 17% as compared to a year ago. The inventory of unsold houses rose slightly to remain just above the long-term average at 81 weeks of equivalent sales.

Median sales price for the whole of the Waikato / Bay of Plenty region at $305,000 was down 5% as compared to a year ago and down from the prior 2 months. The asking price expectation of new listings in the Central North Island was down just 1% as compared to a year ago at $369,995.

The level of new listings coming onto the market in March at 146 was up from February but down 1% as compared to a year ago.

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