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Manawatu / Wanganui – Property Pulse factsheet – March 2011

Posted on: April 18th, 2011 | Filed in Manawatu Wanganui Property Market Factsheet

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

Property sales at 250 in the month fell on a seasonally adjusted basis in March and were down by 7% as compared to a year ago. The inventory of unsold houses rose again to remain well above the long-term average at 58 weeks of equivalent sales.

Median sales price at $218,000 was down 6% as compared to a year ago and down from the prior month. The asking price expectation of new listings was down slightly by 3% as compared to a year ago at $270,605.

The level of new listings coming onto the market in March at 505 was down from February and down a significant 26% as compared to a year ago.

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