The Wairarapa district 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 Wairarapa district at 74 in the month showed a significant rise on a seasonally adjusted basis in May and reflected a very significant 111% rise as compared to a year ago. The inventory of unsold houses on the market fell to 107 weeks to remain just above the long-term average of 98 weeks of equivalent sales.
Median sales price for properties sold in the Wairarapa district at $210,000 was down 5% as compared to a year ago and continues a steady decline through the year. The asking price expectation of new listings was up just 1% as compared to a year ago at $270,181.
The level of new listings coming onto the market in May at 186 was up as compared to April and up 17% as compared to a year ago.