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Hawkes Bay Property Pulse factsheet – June 2012

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

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

Property sales across the Hawkes Bay region at 201 in the month represented a very slight fall on a seasonally adjusted basis in June and at the same time represented a significant 26% rise as compared to a year ago. The inventory of unsold houses on the market fell to 36 weeks and now sits below the long-term average of 42 weeks of equivalent sales.

Median sales price of properties sold in the Hawkes Bay at $265,000 was up 4% as compared to a year ago and down very slightly from the prior month. The asking price expectation of new listings was up 11% as compared to a year ago at $348,040.

The level of new listings coming onto the market in June at 385 was marginally up from prior month and represented a 15% increase as compared to a year ago.



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