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Northland – Property Market Pulse factsheet – October 2010

Posted on: October 21st, 2010 | Filed in Northland Property Market Factsheet

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

Property prices fell back in September to $300,000. This is showing a year on year increase of 5.3% although as judged against the peak in April of 2008 prices are down 16%.

Northland median house prices - Sep 2010Sales on a seasonally adjusted basis barely changed in September, down just 1.9%, however the trend is downward since April. In the first 9 months of 2010 a total of 971 properties have been sold compared to 1,234 in the same period of 2009.

Northland seasonally adjusted property sales - Sep 2010The Inventory of houses on the market grew again in September to 168 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_homes_-_Sep_2010In overall terms the property market in the Northland region continues to reflect a buyer’s market.

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