Property sales on the rise, whilst listing still in decline

Through the last 2 quarters of 2011 the rate of property sales in NZ continued to grow; reaching a 22% year-on-year increase in the final quarter, whilst at the same time total new listings were down 1%.

This is the summary of the Quarterly Property Pulse complied from Realestate.co.nz listings data and REINZ sales data. The chart below details the year-on-year growth or decline for each 3 month period through the whole of 2010 and 2011.

Around the country the 19 regions show some degree of variations as summarised in the specific chart for each region.