The Wellington region property pulse factsheet for June 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).
Property sales across the Wellington region at 548 in the month fell on a seasonally adjusted basis in June but was up 3% as compared to a year ago. The inventory of unsold houses on the market fell to 19 weeks, reversing a rise seen in May, this takes the level to again below the long-term average of 23 weeks of equivalent sales.
The stratified mean sales price of properties sold in the Wellington region at $403,563 was up 2% compared to June last year, the longer term trend has been a fairly flat performance in selling price over the past 2 years. The asking price expectation of new listings was up just 1% as compared to a year ago at $429,131.
The level of new listings coming onto the market in June at 863 was down as compared to May, and up 18% as compared to a year ago.