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Marlborough Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Marlborough Property Market Factsheet

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

Property sales across the Marlborough region at 90 in the month fell very slightly on a seasonally adjusted basis in May but were up 7% as compared to a year ago. The inventory of unsold houses on the market rose sharply to 62 weeks to rise above the long-term average of 55 weeks of equivalent sales.

Median sales price for properties sold in the Marlborough region at $310,000 was up 3% as compared to a year ago and down slightly on the prior month. The asking price expectation of new listings was also down 4% as compared to a year ago at $370,155.

The level of new listings coming onto the market in May at 174 rose as compared to the prior month and was up 7% as compared to a year ago.

 

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