The Central North Island 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 Central North Island region at 47 in the month fell very slightly on a seasonally adjusted basis in May and were down a further 6% as compared to a year ago. The inventory of unsold houses fell to 93 weeks although remaining remain well above the long-term average of 80 weeks of equivalent sales.
Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $315,000 was up 3% as compared to a year ago and up slightly on the prior month. The asking price expectation of new listings in the Central North Island was down 9% as compared to a year ago at $346,709.
The level of new listings coming onto the market in May at 157 was down from prior month and up a significant 60% as compared to a year ago.