The Nelson region property pulse factsheet for October 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales in the Nelson region at 137 in the month fell on a seasonally adjusted basis in October but was up a significant 37% as compared to a year ago. The inventory of unsold houses on the market turned up to 30 weeks to lie in- line with the long-term average of 30 weeks of equivalent sales.
Median sales price of properties sold in the Nelson region at $350,000 was up 2% as compared to a year ago, and up slightly from the prior month. The asking price expectation of new listings was up 3% as compared to a year ago at $450,343.
The level of new listings coming onto the market in October at 262 was down very slightly from September and down 4% as compared to a year ago.