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Taranaki Property Pulse factsheet – April 2011

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

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

Property sales across the Taranaki region at 142 in the month barely moved on a seasonally adjusted basis in April but were down by 9% as compared to a year ago. The inventory of unsold houses on the market fell slightly to 36 weeks to remain well above the long-term average of 25 weeks of equivalent sales.

Median sales price of property sold in the Taranaki region at $279,500 was flat as compared to a year ago and up slightly from the prior month. The asking price expectation of new listings was down slightly by 2% as compared to a year ago at $308,584.

The level of new listings coming onto the market in April at 231 was down from the prior month and up just 1% as compared to a year ago.

 

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