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Nelson – Property Market Pulse factsheet – October 2010

Posted on: October 21st, 2010 | Filed in Nelson Property Market Factsheet

Realestate_DownloadNowThe Nelson district Property Market factsheet for October 2010 can be downloaded by clicking this icon.

Property sales in the Nelson region rose slightly in September; as measured in a seasonally adjusted basis volumes were up 3.7%. There were 124 sales in September compared to 104 in August. Over the first 9 months of 2010 a total of 1,137 properties have been sold compared to 1,309 in the same period in 2009.

Nelson seasonally adjusted property sales - Sep 2010The inventory of properties on the market in September rose again to 32 weeks of equivalent sales. This level of inventory is above the long term average of 28 weeks. This would indicate that the market is slightly favouring buyers.

Nelson_inventory_of_unsold_homes_-_Sep_2010

Property prices for the Nelson are included in the broad Nelson / Marlborough regional median property price, in July this price was $330,000 down 2.1% as compared to September 2009.

Nelson Marlborough median house price - Sep 2010

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