August 11, 2011
Year on year figures show a 10% increase in sales volume and a “stable” 2% increase in settled sales price for Nelson City.
Although I’m sure there will be conflicting media reports about percentage figures up or down, the Nelson market still exhibits signs of continued stability. According to REINZ, and no matter what will be reported in the media about the July 2011 NZ house sales figures, its pretty much all summed up in this statement from the Institute;
The national median house price fell by $15,000 to $345,000 (-4.2%), continuing the trend of moving between $340,000 and $365,000 each month evident since June 2009.
So after two years the national median is still hovering with-in a range of $25,000.
Todays Real Estate Institute of NZ full news release is here.