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Manawatu / Wanganui Property Pulse factsheet – October 2011

Posted on: November 29th, 2011 | Filed in Manawatu Wanganui Property Market Factsheet

The Manawatu / Wanganui region property pulse factsheet for October 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 248 in the month fell on a seasonally adjusted basis in October, but was up a very significant 59% as compared to a year ago. The inventory of unsold houses on the market rose to 39 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 $221,750 was down 5% as compared to a year ago, but up very slightly from the prior month. The asking price expectation of new listings was down 2% as compared to a year ago at $274,696.

The level of new listings coming onto the market in October at 477 was down from prior month but up 6% as compared to a year ago.

 

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