The Manawatu / Wanganui region property pulse factsheet for May 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 295 in the month rose on a seasonally adjusted basis in May, and were up 6% as compared to a year ago. The inventory of unsold houses on the market rose sharply to 45 weeks to juts rise above the long-term average of 41 weeks of equivalent sales.
Median sales price of properties sold in the Manawatu and Wanganui regions at $228,000 was down just 1% as compared to a year ago, but up from the prior month. The asking price expectation of new listings was up 4% as compared to a year ago at $266,943.
The level of new listings coming onto the market in May at 491 was up from prior month and up 27% as compared to a year ago.