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 May cover 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.
National Property Pulse factsheet
The national property pulse factsheet for May 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the country totaled 7,175 in the month showing a significant rise on a seasonally adjusted basis in May as well as a 24% increase as compared to a year ago. The inventory of unsold houses on the market at 36 weeks has risen for the second month in a row after witnessing a steady and consistent fall of over a year. 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 May was $381,950 which represents a 6% increase from May last year. The recent trend has been of a steady increase for the past 18 months. The asking price expectation of new listings rose in May to $453,887, a 5% increase from the asking price in May last year.
The level of new listings coming onto the market in May at 11,544 was up significantly from April, and up 17% as compared to a year ago.