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Southland Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Southland Property Market Factsheet

The Southland region property pulse factsheet for April 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in Southland at 126 in the month rose slightly on a seasonally adjusted basis in April but were down 5% as compared to a year ago. The inventory of unsold houses on the market rose to 56 weeks to remain well above the long-term average of 32 weeks of equivalent sales.

Median sales price at $193,250 was up 4% as compared to a year ago, and up on the prior month. The asking price expectation of new listings was up 2% as compared to a year ago at $245,093.

The level of new listings coming onto the market in April at 222 fell as compared to March and was down a significant 44% as compared to a year ago.

 

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