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Southland – Property Pulse factsheet – March 2011

Posted on: April 18th, 2011 | Filed in Southland Property Market Factsheet

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

Property sales at 136 in the month rose slightly on a seasonally adjusted basis in March but were down 11% as compared to a year ago. The inventory of unsold houses rose to remain well above the long-term average at 50 weeks of equivalent sales.

Median sales price at $185,750 was down 3% as compared to a year ago, and down on the prior month. The asking price expectation of new listings was also down 4% as compared to a year ago at $225,813.

The level of new listings coming onto the market in March at 298 rose very slightly as compared to February and was up 6% as compared to a year ago.

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