The Waikato region property pulse factsheet for June 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales in the Waikato region at 396 in the month rose on a seasonally adjusted basis in June and was up 19% as compared to a year ago. The inventory of unsold houses fell to 37 weeks having risen slightly in May this still sees inventory remaining below 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 $319,100 was up 1% as compared to a year ago and up on the prior month. The asking price expectation of new listings remained fairly flat as compared to a year ago at $352,462.
The level of new listings coming onto the market across the Waikato region in June at 709 was up 20% as compared to a year ago, but down as compared to May.