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Northland – Property Pulse factsheet – March 2011

Posted on: April 18th, 2011 | Filed in Northland Property Market Factsheet

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

Property sales at 122 in the month rose on a seasonally adjusted basis in March but remain below the levels of a year ago. The inventory of unsold houses remains well above the long-term average at 213 weeks of equivalent sales.

Median sales price at $331,000 is up 4% as compared to a year ago and up from the prior 2 months. The asking price expectation of new listings though is down 16% as compared to a year ago at $360,976.

The level of new listings coming onto the market in March at 474 was marginally up from February but down 23% as compared to a year ago.

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