The Central North Island region property pulse factsheet for November 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the Central North Island region at 59 in the month showed no change on a seasonally adjusted basis in November but was up 28% as compared to a year ago. The inventory of unsold houses fell to 80 weeks to remain in line with long-term average of 79 weeks of equivalent sales.
Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $310,000 were down 3% as compared to a year ago and down on the prior month. The asking price expectation of new listings in the Central North Island was up 9% as compared to a year ago at $364,815.
The level of new listings coming onto the market in November at 296 was up a very significant 119% as compared to a year ago.