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Wellington – Property Pulse factsheet – March 2011

Posted on: April 18th, 2011 | Filed in Wellington Property Market Factsheet

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

Property sales at 679 in the month rose on a seasonally adjusted basis in March but were down very slightly by 4% as compared to a year ago. The inventory of unsold houses rose again to remain above the long-term average at 28 weeks of equivalent sales.

The stratified mean sales price at $404,450 was down 3% as compared to a year ago and down from the prior month. The asking price expectation of new listings was up slightly by 3% as compared to a year ago at $453,021.

The level of new listings coming onto the market in March at 1,166 was up slightly as compared to February and up 6% as compared to a year ago.

Article Discussion

  1. sarah says:

    Hi, can you guys conitnue to graph these stats as per the previous Property Pulse Factsheets. I find graph form over a longer term provides more info and is easier to comprehend.

  2. Sarah

    Thanks for the feedback, we are committed to producing these on a monthly basis – we just needed to set up some internal systems which is why we started well last year and then had a few months off!!

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