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Central North Island Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Central North Island Property Market Factsheet

The Central North Island region property pulse factsheet for May 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the Central North Island region at 51 in the month showed a fall on a seasonally adjusted basis in May but was up 9% as compared to a year ago. The inventory of unsold houses fell to 78 weeks to remain just below long-term average of 81 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $311,000 was down 1% as compared to a year ago and up on the prior month. The asking price expectation of new listings in the Central North Island was up 2% as compared to a year ago at $360,961.

The level of new listings coming onto the market in May at 112 was down 29% as compared to a year ago.

 

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