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Waiararapa – Property Pulse factsheet – March 2011

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

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

Property sales at 31 in the month fell on a seasonally adjusted basis in March and were down a very significant 44% as compared to a year ago. The inventory of unsold houses rose sharply to remain well above the long-term average at 128 weeks of equivalent sales.

Median sales price at $220,000 was down 12% as compared to a year ago and down from the prior month. The asking price expectation of new listings was also down by 5% as compared to a year ago at $266,262.

The level of new listings coming onto the market in March at 221 was flat as compared to February and also as compared to a year ago.

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