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Waikato Property Pulse factsheet – October 2011

Posted on: November 29th, 2011 | Filed in Waikato Property Market Factsheet

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

Property sales in the Waikato region at 291 in the month fell on a seasonally adjusted basis in October but was up a significant 39% as compared to a year ago. The inventory of unsold houses rose to 44 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 $315,475 was up 3% as compared to a year ago and up on the prior month. The asking price expectation of new listings fell 1% as compared to a year ago at $356,746.

The level of new listings coming onto the market across the Waikato region in October at 713 was up 7% as compared to a year ago, but down as compared to September.

 

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