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Waikato Property Pulse factsheet – April 2011

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

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

Property sales in the Waikato region at 292 in the month rose very slightly on a seasonally adjusted basis in April but fell 11% as compared to a year ago. The inventory of unsold houses fell back significantly to 66 weeks from the 83 weeks last month, this still sits well above the long-term average of 49 weeks of equivalent sales.

Median sales price for properties sold across the whole of the Waikato / Bay of Plenty region at $312,875 was down 1% as compared to a year ago but up on the prior month. The asking price expectation of new listings fell 4% as compared to a year ago at $352,746.

The level of new listings coming onto the market across the Waikato region in April at 606 was down a significant 18% as compared to a year ago.

 

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