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Manawatu / Wanganui Property Pulse factsheet – November 2011

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

The Manawatu / Wanganui region property pulse factsheet for November 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 275 in the month rose on a seasonally adjusted basis in November, and was up 19% as compared to a year ago. The inventory of unsold houses on the market slipped to 38 weeks to remain below 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 down just 1% as compared to a year ago, but up from the prior month. The asking price expectation of new listings was down 6% as compared to a year ago at $251,376.

The level of new listings coming onto the market in November at 595 was up from prior month but down 6% as compared to a year ago.

 

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