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Gisborne Property Pulse factsheet – June 2012

Posted on: July 24th, 2012 | Filed in Gisborne Property Market Factsheet

The Gisborne district property pulse factsheet for June 2012 is published using data from and REINZ (Real Estate Institute of NZ).

Property sales across the Gisborne region at 42 in the month rose on a seasonally adjusted basis in June, but was up a very significant 40% as compared to a year ago. The inventory of unsold houses though rose to 51 weeks which is just slightly above the long-term average of equivalent sales.

Median sales price of property sold during the month in Gisborne at $189,500 was down 34% as compared to a year ago and down from the prior month. Prices have taken a significant downward path over the first half of 2012. The asking price expectation of new listings in the Gisborne region was also down 3% as compared to a year ago at $296,275, this did though represent a rise from the May figure of $235,921.

The level of new listings coming onto the market in June at 69 was down as compared to May and down 3% as compared to a year ago.



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