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Gisborne Property Pulse factsheet – October 2011

Posted on: November 29th, 2011 | Filed in Gisborne Property Market Factsheet

The Gisborne district 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 Gisborne region at 27 in the month fell on a seasonally adjusted basis in October, but was up 13% as compared to a year ago. The inventory of unsold houses remains fairly static at around 62 weeks which is well above the long-term average of 42 weeks of equivalent sales.

Median sales price of property sold during the month in Gisborne at $218,500 was down 13% 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 1% as compared to a year ago at $301,534.

The level of new listings coming onto the market in October at 71 was down compared to September and significantly down 19% as compared to a year ago.

 

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