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Southland Property Pulse factsheet – June 2012

Posted on: July 24th, 2012 | Filed in Southland Property Market Factsheet

The Southland region property pulse factsheet for June 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales in Southland at 141 in the month was down when seen on a seasonally adjusted basis, there has been a steady sowing of sales through the past 4 months since the very strong activity seen in February. The sales were up just 1% as compared to a year ago. The inventory of unsold houses on the market were up slightly at 34 weeks of equivalent sales, sitting right on the long term average.

Median sales price at $188,000 slipped slightly from May, and was up 2% as compared to a year ago. The asking price expectation of new listings was down by 10% as compared to a year ago at $228,558.

The level of new listings coming onto the market in June at 273 fell as compared to May but was up 13% as compared to a year ago.

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