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Northland – Property Market Pulse factsheet – August 2010

Posted on: August 25th, 2010 | Filed in Northland Property Market Factsheet

Realestate_DownloadNowThe Northland region Property Market factsheet for August 2010 can be downloaded by clicking this icon.

Property prices rebounded in July to break through $300,000. This however is still 2.5% below July last year and 14% below the peak in April of 2008.

Northland property prices July 2010

Sales on a seasonally adjusted basis barely changed in July with a total of 102 sales in the month. Measured on a 12 month rolling basis the annualized sales are 1,493 which is down 5% as compared to the prior period.

Northland property sales July 2010

Inventory of houses on the market remains high at 145 weeks of equivalent sales, this continues to be well ahead of the long term average in the region of 110 weeks.

Northland inventory of unsold houses JUly 2010

In overall terms the property market in the Northland region continues to reflect a buyer’s market.

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