The Wairarapa district 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 Wairarapa district at 47 in the month showed a very small fall on a seasonally adjusted basis in October but recorded a significant 24% rise as compared to a year ago. The inventory of unsold houses on the market fell very slightly to 97 weeks to remain just above the long-term average of 87 weeks of equivalent sales.
Median sales price for properties sold in the Wairarapa district at $230,000 was up 3% as compared to a year ago and up from the prior month. The asking price expectation of new listings was down 2% as compared to a year ago at $289,207.
The level of new listings coming onto the market in October at 166 was down as compared to September and down a significant 21% as compared to a year ago.