The Unconditional Blog

The impartial voice of the industry

 
0

Northland Property Pulse factsheet – May 2011

Posted on: June 15th, 2011 | Filed in Northland Property Market Factsheet

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

Property sales in Northland at 133 in the month rose on a seasonally adjusted basis in May but remain well below the levels of a year ago. The inventory of unsold houses on the market at 200 weeks remains well above the long-term average at 127 weeks of equivalent sales.

Median sales price for property sales in Northland at $285,000 is down 12% as compared to a year ago and continues a significant declining trend from the prior 2 months. The asking price expectation of new listings also fell in May to $375,885, showing a 1% rise as compared to a year ago.

The level of new listings coming onto the market in May at 370 was down significantly from April and down 41% as compared to a year ago.

 

Post your views