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Gisborne Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Gisborne Property Market Factsheet

The Gisborne district 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 Gisborne region at 44 in the month fell on a seasonally adjusted basis in May, but was up 5% as compared to a year ago. The inventory of unsold houses fell to 47 weeks which is exactly in line with the long-term average of equivalent sales.

Median sales price of property sold during the month in Gisborne at $200,000 was down 17% as compared to a year ago and down from the prior month. The asking price expectation of new listings in the Gisborne region was down a significant 25% as compared to a year ago at $235,921.

The level of new listings coming onto the market in May at 105 was up compared to April and significantly up 25% as compared to a year ago.

 

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