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Nelson Property Pulse factsheet – June 2012

Posted on: July 24th, 2012 | Filed in Nelson Property Market Factsheet

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

Property sales in the Nelson region at 135 in the month rose marginally on a seasonally adjusted basis in June and was down 4% as compared to a year ago. The inventory of unsold houses on the market fell to 30 weeks, having seen a significant rise in May. The level now sits inline with the long-term average of 31 weeks of equivalent sales.

Median sales price of properties sold in the Nelson region at $367,000 was up 8% as compared to June 2011, and up slightly from the prior month. The asking price expectation of new listings was up 4% as compared to a year ago at $460,998.

The level of new listings coming onto the market in June at 216 was down on the May figure of 250 but was up 18% as compared to a year ago.

 

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