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Marlborough – Property Pulse factsheet – March 2011

Posted on: April 18th, 2011 | Filed in Marlborough Property Market Factsheet

The Marlborough region property pulse factsheet for March 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales at 67 in the month rose slightly on a seasonally adjusted basis in March and were up just 3% as compared to a year ago. The inventory of unsold houses rose sharply to remain above the long-term average at 76 weeks of equivalent sales.

Median sales price at $280,000 was down 13% as compared to a year ago, but in line with the prior month. The asking price expectation of new listings was also down a significant 12% as compared to a year ago at $342,447.

The level of new listings coming onto the market in March at 142 fell as compared to February and was down 19% as compared to a year ago.

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