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Nelson Property Pulse factsheets – May 2012

Posted on: June 18th, 2012 | Filed in Nelson Property Market Factsheet

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

Property sales in the Nelson region at 155 in the month rose on a seasonally adjusted basis in May and were up 2% as compared to a year ago. The inventory of unsold houses on the market picked up to 38 weeks to track back above the long-term average of 31 weeks of equivalent sales.

Median sales price of properties sold in the Nelson region at $360,000 was up 5% as compared to May 2011, and up slightly from the prior month. The asking price expectation of new listings was up 6% as compared to a year ago at $457,235.

The level of new listings coming onto the market in May at 250 was up from April and up 22% as compared to a year ago.

 

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