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Otago Property Pulse factsheet – April 2011

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

The Otago 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 the Otago region at 225 in the month rose slightly on a seasonally adjusted basis in April and were up 8% as compared to a year ago. The inventory of unsold houses on the market rose very slightly to 38 weeks to remain above the long-term average of 28 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $235,000 was flat as compared to a year ago, but up on the prior month. The asking price expectation of new listings was up 9% as compared to a year ago at $298,817.

The level of new listings coming onto the market in April at 377 fell as compared to prior month and was down a further 11% as compared to a year ago.

 

 

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