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Manawatu / Wanganui Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Manawatu Wanganui Property Market Factsheet

The Manawatu / Wanganui region property pulse factsheet for April 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in the Manawatu and Wanganui region at 219 in the month rose slightly on a seasonally adjusted basis in April and were up 3% as compared to a year ago. The inventory of unsold houses on the market rose very slightly to 58.4 weeks to remain well above the long-term average of 40 weeks of equivalent sales.

Median sales price of properties sold in the Manawatu and Wanganui regions at $220,000 was down 4% as compared to a year ago, but up slightly from the prior month. The asking price expectation of new listings was up 4% as compared to a year ago at $276,064.

The level of new listings coming onto the market in April at 460 was down from prior month but up 6% as compared to a year ago.

 

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