The Manawatu / Wanganui region property pulse factsheet for June 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales in the Manawatu and Wanganui region at 270 in the month eased very slightly on a seasonally adjusted basis in June, and was up 4% as compared to a year ago. The inventory of unsold houses on the market fell to 38 weeks reversing a rise seen in May, this now puts the level of unsold houses on the market below the long-term average of 41 weeks of equivalent sales.
Median sales price of properties sold in the Manawatu and Wanganui regions at $226,050 was down 2% as compared to a year ago, and very slightly lower than the figure in May. The asking price expectation of new listings was up 5% as compared to a year ago at $274,731.
The level of new listings coming onto the market in June at 578 was up from prior month and up a significant 54% as compared to a year ago.