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Otago Property Pulse factsheet – June 2012

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

The Otago 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 the Otago region at 225 in the month fell on a seasonally adjusted basis in June but was up 3% as compared to a year ago. The inventory of unsold houses on the market slipped slightly 24 weeks, this level remains in line with the long-term average of 29 weeks of equivalent sales.

Median sales price of properties sold in the Otago region at $232,000 was up 4% as compared to a year ago. The asking price expectation of new listings rose in June to $281,723 and shows a 5% rise as compared to a year ago.

The level of new listings coming onto the market in June at 390 was up on May, and up a more significant 20% as compared to a year ago.

 

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