The Marlborough region property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the Marlborough region at 70 in the month fell very slightly on a seasonally adjusted basis in November and was down 9% as compared to a year ago. The inventory of unsold houses on the market fell back to 61 weeks to remain above the long-term average of 52 weeks of equivalent sales.
Median sales price for properties sold in the Marlborough region at $275,000 was down 8% as compared to a year ago and also down on recent months. The asking price expectation of new listings was also down 4% as compared to a year ago at $364,848.
The level of new listings coming onto the market in November at 193 rose significantly as compared to the prior month and was up 8% as compared to a year ago.