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Wairarapa Property Pulse factsheet – June 2012

Posted on: July 24th, 2012 | Filed in Wairarapa Property Market Factsheet

The Wairarapa district 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 Wairarapa district at 54 in the month showed a significant fall on a seasonally adjusted basis in June but reflected a 26% rise as compared to a year ago. The inventory of unsold houses on the market fell to 85 weeks to return to below the long-term average of 98 weeks of equivalent sales.

Median sales price for properties sold in the Wairarapa district at $221,000 was up 12% as compared to a year ago and continues a steady decline through the year. The asking price expectation of new listings was down 7% as compared to a year ago at $253,874.

The level of new listings coming onto the market in June at 190 was up as compared to May and up a very significant 62% as compared to a year ago.

 

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