The Waikato region property pulse factsheet for May 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales in the Waikato region at 421 in the month rose on a seasonally adjusted basis in May and was up 15% as compared to a year ago. The inventory of unsold houses rose to 44 weeks having fallen consistently over the prior 7 months, this still means that inventory remains 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 $311,000 was down 1% as compared to a year ago and up on the prior month. The asking price expectation of new listings remained flat as compared to a year ago at $355,131.
The level of new listings coming onto the market across the Waikato region in May at 836 was up a significant 43% as compared to a year ago, and up significantly as compared to October.