The Central North Island region property pulse factsheet for October 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 55 in the month fell on a seasonally adjusted basis in October but was up 28% as compared to a year ago. The inventory of unsold houses fell to 82 weeks to remain in line with 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 $315,475 was up 3% 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 up 2% as compared to a year ago at $344,669.
The level of new listings coming onto the market in October at 133 was up slightly from prior month but down 36% as compared to a year ago.