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Taranaki – Property Pulse factsheet – March 2011

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

The Taranaki 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 166 in the month barely moved on a seasonally adjusted basis in March but were down by 9% as compared to a year ago. The inventory of unsold houses rose again to remain well above the long-term average at 38 weeks of equivalent sales.

Median sales price at $270,500 was down 3% as compared to a year ago and down from the prior month. The asking price expectation of new listings was up very slightly by 1% as compared to a year ago at $319,624.

The level of new listings coming onto the market in March at 260 was marginally down from February and down a significant 21% as compared to a year ago.

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