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Southland Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Southland Property Market Factsheet

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

Property sales in Southland at 162 in the month were very slightly down when seen on a seasonally adjusted basis. 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 $190,000 slipped slightly from April, and was up 5% as compared to a year ago. The asking price expectation of new listings was up 3% as compared to a year ago at $228,261.

The level of new listings coming onto the market in May at 335 rose steeply as compared to April and was up 23% as compared to a year ago.

 

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