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Taranaki Property Pulse factsheet – May 2011

Posted on: June 16th, 2011 | Filed in Taranaki Property Market Factsheet

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

Property sales across the Taranaki region at 201 in the month rose significantly on a seasonally adjusted basis in May and were up 20% as compared to a year ago. The inventory of unsold houses on the market fell slightly to 35 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 $255,000 fell by 7% as compared to a year ago and was also down from the prior month. The asking price expectation of new listings was down 9% as compared to a year ago at $292,077.

The level of new listings coming onto the market in May at 197 was down from the prior month and down 4% as compared to a year ago.

 

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