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Nelson Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Nelson Property Market Factsheet

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

Property sales in the Nelson region at 127 in the month rose very slightly on a seasonally adjusted basis in April but were down by 3% as compared to a year ago. The inventory of unsold houses on the market fell to 43 weeks, but remains well above the long-term average of 30 weeks of equivalent sales.

Median sales price of properties sold in the Nelson region at $345,000 was down 6% as compared to a year ago, but up slightly from the prior month. The asking price expectation of new listings was down 4% as compared to a year ago at $423,927.

The level of new listings coming onto the market in April at 267 was in line with March but up a significant 28% as compared to a year ago.

 

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