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Manawatu / Wanganui Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Manawatu Wanganui Property Market Factsheet

The Manawatu / Wanganui region property pulse factsheet for May 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 279 in the month rose significantly on a seasonally adjusted basis in May and were up 20% as compared to a year ago. The inventory of unsold houses on the market fell to 50 weeks to remain above the long-term average of 40 weeks of equivalent sales.

Median sales price of properties sold in the Manawatu and Wanganui regions at $230,000 was up 2% as compared to a year ago and up from the prior month. The asking price expectation of new listings was down 6% as compared to a year ago at $248,755.

The level of new listings coming onto the market in May at 388 was down from prior month and down 11% as compared to a year ago.

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