The Hawkes Bay region property pulse factsheet for October 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the Hawkes Bay region at 155 in the month fell on a seasonally adjusted basis in October but showed a 23% rise as compared to a year ago. The inventory of unsold houses on the market fell slightly to 44 weeks to sit just in line with the long-term average of 45 weeks of equivalent sales.
Median sales price of properties sold in the Hawkes Bay at $259,500 was down 10% as compared to a year ago and down from the prior month. The asking price expectation of new listings was down just 2% as compared to a year ago at $338,835.
The level of new listings coming onto the market in October at 346 was down from prior month and down a significant 38% as compared to a year ago.