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Waikato Property Pulse factsheet – November 2011

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

The Waikato region property pulse factsheet for November 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 on a seasonally adjusted basis in November and was up a significant 42% as compared to a year ago. The inventory of unsold houses rose to 46 weeks having been steady around the 40 week mark for the last couple of 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 $310,000 was down 3% 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 $351,156.

The level of new listings coming onto the market across the Waikato region in November at 853 was down 4% as compared to a year ago, but up as compared to October.

 

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