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Taranaki Property Pulse factsheet – November 2011

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

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

Property sales across the Taranaki region at 161 in the month rose on a seasonally adjusted basis in November and were up 11% as compared to a year ago. The inventory of unsold houses on the market fell markedly to 33 weeks, however it still remains well above the long-term average of 25 weeks of equivalent sales.

Median sales price of property sold in the Taranaki region at $272,500 was up 3% compared to a year ago but down from the prior month. The asking price expectation of new listings was down very slightly by 1% as compared to a year ago at $310,235.

The level of new listings coming onto the market in November at 246 was up from the prior month and down 8% as compared to a year ago.

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