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Northland Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Northland Property Market Factsheet

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

Property sales in Northland at 98 in the month fell on a seasonally adjusted basis in April but remain well below the levels of a year ago. The inventory of unsold houses remains well above the long-term average at 234 weeks of equivalent sales.

Median sales price for property sales in Northland at $292,000 is down 9% as compared to a year ago and continues a declining trend from the prior 2 months. The asking price expectation of new listings though rose in April to $396,548, whilst still 4% down as compared to a year ago.

The level of new listings coming onto the market in April at 405 was down significantly from March and down 28% as compared to a year ago.

 

 

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