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Nelson Property Pulse factsheet – November 2011

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

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

Property sales in the Nelson region at 154 in the month rose on a seasonally adjusted basis in November and was up 13% as compared to a year ago. The inventory of unsold houses on the market picked up to 31weeks to lie just above the long-term average of 30 weeks of equivalent sales.

Median sales price of properties sold in the Nelson region at $342,075 was in-line with prices of a year ago, but down slightly from the prior month. The asking price expectation of new listings was up 14% as compared to a year ago at $464,911.

The level of new listings coming onto the market in November at 330 was up significantly from October and up 24% as compared to a year ago.

 

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