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Northland Property Pulse factsheet – June 2012

Posted on: July 24th, 2012 | Filed in Northland Property Market Factsheet

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

Property sales in Northland at 153 showed a significant rise on a seasonally adjusted basis in June and is up a very significant 39% as compared to a year ago. The inventory of unsold houses on the market at 126 weeks has barely changed from the prior month of 124. It is does sit just below the long-term average of 133 weeks of equivalent sales.

Median sales price for property sales in Northland at $308,000 is down 4% as compared to a year ago, although up significantly from May. The recent trend has been of a flat pricing for the past year. The asking price expectation of new listings fell in June to $403,906, but was up 4% from the asking price in June last year.

The level of new listings coming onto the market in June at 427 was down significantly from May, and yet up 21% as compared to a year ago.

 

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