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Wellington Property Pulse factsheet – April 2011

Posted on: May 19th, 2011 | Filed in Wellington Property Market Factsheet

The Wellington region property pulse factsheet for April 2011 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the Wellington region at 517 in the month fell on a seasonally adjusted basis in April and were down 9% as compared to a year ago. The inventory of unsold houses on the market rose again to 29 weeks to remain above the long-term average of 22 weeks of equivalent sales.

The stratified mean sales price of properties sold in the Wellington region at $410,058 was flat as compared to a year ago but up from the prior month. The asking price expectation of new listings was up slightly by 1% as compared to a year ago at $451,440.

The level of new listings coming onto the market in April at 741 was down significantly as compared to March and down 29% as compared to a year ago.

 

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