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Wairarapa Property Pulse factsheet – May 2011

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

The Wairarapa district 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 Wairarapa district at 35 in the month showed a significant fall on a seasonally adjusted basis in May and fell by 36% as compared to a year ago. The inventory of unsold houses on the market did however fall to 139 weeks to remain well above the long-term average of 88 weeks of equivalent sales.

Median sales price for properties sold in the Wairarapa district at $220,000 was down 8% as compared to a year ago although up slightly from the prior month. The asking price expectation of new listings was down by 5% as compared to a year ago at $278,124.

The level of new listings coming onto the market in May at 159 was barely unchanged from April and down 5% as compared to a year ago.

 

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