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Property Pulse – June 2012

Posted on: July 24th, 2012 | Filed in Featured, Property Pulse - Regional Market Report

On a regular basis we publish a factsheet for each region of the country as well as a national report to provide an insight to the key numbers that detail the health of the property market across the country.

These reports for the month of June covers all 16 provincial regions as well as reports covering the 3 main metropolitan regions of Auckland, Wellington and Christchurch. The Auckland report is divided up into each of the main metro areas (North Shore, Waitakere, Manukau as well as Auckland City).

Each factsheet provides the key numbers in table and chart form using the key statistics from the Real Estate Institute of NZ and Realestate.co.nz. This provides the number of property sales in the month, the median sales price for those property sales, the inventory of unsold properties on the market, as well as the number and the asking price expectation of new listings brought onto the market in the month.

 

 

Metropolitan Areas

Auckland City

North Shore

Waitakere

Manukau

Wellington

Chistchurch

Provincial Areas

Northland

Coromandel

Waikato

Bay of Plenty

Central North Island

Hawkes Bay

Gisborne

Taranaki

Manawatu / Wanganui

Wairarapa

Nelson

Marlborough

West Coast

Otago

Queenstown Lakes

Southland

 

National Property Pulse factsheet – June 2012

The national summary report for June is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the country totalled 6,135 in the month showing a fall on a seasonally adjusted basis in June but at the same time representing a 17% increase as compared to a year ago. The inventory of unsold houses on the market at just below 30 weeks sets a new 4 year low and represents a turnaround from a rise in May reflecting how the rate of sale is outpacing the growth in new listings.. The current level of unsold properties on the market represents a very clear sellers market, well below the long-term average of 41 weeks of equivalent sales.

The stratified median house price for property sales in June was $383,095 which represents a 5% increase from June last year and sets a new record level for the country. The recent trend continues the steady increase for the past 18 months. The asking price expectation of new listings fell in June to $425,783 as measured on a seasonally adjusted basis, this represents a 2% increase from the asking price in June last year.

The level of new listings coming onto the market in June at 10,794 was down on the May total of 11,544, and up 18% as compared to a year ago.

 

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