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Hawkes Bay Property Pulse factsheet – May 2012

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

The Hawkes Bay region 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 Hawkes Bay region at 236 in the month rose significantly on a seasonally adjusted basis in May and showed a 21% rise as compared to a year ago. The inventory of unsold houses on the market remained stable at 47 weeks to sit just above the long-term average of 42 weeks of equivalent sales.

Median sales price of properties sold in the Hawkes Bay at $271,000 was up just1% as compared to a year ago and down from the prior month. The asking price expectation of new listings was up 5% as compared to a year ago at $338,360.

The level of new listings coming onto the market in May at 382 was down from prior month and no change as compared to a year ago.

 

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