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Nelson Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Nelson Property Market Factsheet

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

Property sales in the Nelson region at 152 in the month rose on a seasonally adjusted basis in May but were down by 4% as compared to a year ago. The inventory of unsold houses on the market fell to 37 weeks, but remains above the long-term average of 30 weeks of equivalent sales.

Median sales price of properties sold in the Nelson region at $343,250 was down 2% as compared to a year ago, and was slightly down from the prior month. The asking price expectation of new listings was up 10% as compared to a year ago at $431,920.

The level of new listings coming onto the market in May at 205 was down as compared to April but up 5% as compared to a year ago.

 

 

 

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