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Hawkes Bay Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Hawkes Bay Property Market Factsheet

The Hawkes Bay region property pulse factsheet for May 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the Hawkes Bay region at 195 in the month rose significantly on a seasonally adjusted basis in May and showed a 8% rise as compared to a year ago. The inventory of unsold houses on the market remained static at 57 weeks to remain well above the long-term average of 40 weeks of equivalent sales.

Median sales price of properties sold in the Hawkes Bay at $268,000 was down 3% as compared to a year ago and down from the prior month. The asking price expectation of new listings was down 4% as compared to a year ago at $321,080.

The level of new listings coming onto the market in May at 381 was up from prior month and up slightly by 1% as compared to a year ago.

 

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