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Marlborough Property Pulse facsheet – June 2012

Posted on: July 24th, 2012 | Filed in Marlborough Property Market Factsheet

The Marlborough region property pulse factsheet for June 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the Marlborough region at 78 in the month was up strongly on a seasonally adjusted basis in June and was up 11% as compared to a year ago. The inventory of unsold houses on the market fell to 57 weeks, reversing a strong rise in May. The current level sits just inline with the long-term average of 55 weeks of equivalent sales.

Median sales price for properties sold in the Marlborough region at $294,250 was up 8% as compared to a year ago although down slightly on the prior month. The asking price expectation of new listings was also down 3% as compared to a year ago at $373,123.

The level of new listings coming onto the market in June at 163 fell from the May level of 174 but was up strongly by 41% as compared to a year ago.

 

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