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Waikato Property Pulse factsheet – May 2011

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

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

Property sales in the Waikato region at 365 in the month rose significantly on a seasonally adjusted basis in May and were up 27% as compared to a year ago. The inventory of unsold houses fell further from 66 weeks to 57 weeks, this still sits 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 $315,000 was up 3% as compared to a year ago and up slightly on the prior month. The asking price expectation of new listings fell just 1% as compared to a year ago at $365,381.

The level of new listings coming onto the market across the Waikato region in May at 583 was down 15% as compared to a year ago.

 

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