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Marlborough Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Marlborough Property Market Factsheet

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

Property sales across the Marlborough region at 84 in the month rose on a seasonally adjusted basis in May and were up 17% as compared to a year ago. The inventory of unsold houses on the market fell to 71 weeks to remain well above the long-term average of 53 weeks of equivalent sales.

Median sales price for properties sold in the Marlborough region at $302,375 was down just 1% as compared to a year ago and down significantly on the prior month. The asking price expectation of new listings was up 3% as compared to a year ago at $392,757.

The level of new listings coming onto the market in May at 163 rose significantly as compared to the prior month and was up 12% as compared to a year ago.

 

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