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Wellington – Monthly Property Market Pulse factsheet – October 2010

Posted on: October 21st, 2010 | Filed in Wellington Property Market Factsheet

Realestate_DownloadNowThe Wellington region Property Market factsheet for October 2010 can be downloaded by clicking this icon.

Property prices in the Wellington region as measured on a stratified basis fell in September to $403,595. As compared to a year ago prices are down 0.3%.

Wellington stratified mean house price - Sep 2010Property sales measured on a seasonally adjusted basis fell by 1.5% from August. There was a total of 445 property sales in the month. Over the first 9 months of 2010 a total of 4,507 properties have been sold, this compares with 5,246 in the same period in 2009.

Wellington seasonally adjusted property sales - Sep 2010

Inventory of houses on the market remains stable at the current level of 24 weeks of equivalent sales. This is slightly up on the long term average in the region of 21 weeks. In overall terms the property market across Wellington remains fairly well balanced with a slight leaning in favour of buyers.

Wellington_inventory_of_unsold_homes_-_Sep_2010

Article Discussion

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