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Wellington Property Pulse factsheet – May 2012

Posted on: June 18th, 2012 | Filed in Wellington Property Market Factsheet

The Wellington region property pulse factsheet for May 2012 is published using data from Realestate.co.nz and REINZ (Real Estate Institute of NZ).

Property sales across the Wellington region at 661 in the month rose significantly on a seasonally adjusted basis in May and up 23% as compared to a year ago. The inventory of unsold houses on the market rose to 25 weeks, this takes it slightly above the long-term average of 23 weeks of equivalent sales.

The stratified mean sales price of properties sold in the Wellington region at $396,525 was up 2% compared to May last year but continues a recent easing. The asking price expectation of new listings was up 2% as compared to a year ago at $429,836.

The level of new listings coming onto the market in May at 881 was up compared to April, and up 16% as compared to a year ago.

 

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