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Wellington Property Pulse factsheet – November 2011

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

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

Property sales across the Wellington region at 615 in the month rose on a seasonally adjusted basis in November and exactly the same volume of sales as compared to a year ago. The inventory of unsold houses on the market remained stable at 23 weeks, this takes it slightly above the long-term average of 22 weeks of equivalent sales.

The stratified mean sales price of properties sold in the Wellington region at $412,925 was flat as compared to both last year and prior month. The asking price expectation of new listings was down 1% as compared to a year ago at $448,225.

The level of new listings coming onto the market in November at 1,178 was up compared to October, and up 6% as compared to a year ago.

 

Article Discussion

  1. JohnB says:

    Monday this week, the number of listings of rentals in Wellington exceeded the same time last year after a reduction during RWC. I wonder if vendors are pulling properties from the market to rent them? see my site by clicking on my name to see the latest listing statistics

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