Nelson stability depicted in latest NZ Property Report

March 2, 2011

The NZ Property Report covering the period Feb 2012 was released by website yesterday.

Pundits were quick to note the increase in the Nelson asking price, but where does that stack up, especially when taken in comparison to the national perspective?

I hope this chart helps, it sheds light on that “stability” theory I’ve been talking about here, no….not so much in a month to month type comparison, but more of a 3 / 6 / 12 month average type of view.

The blue line represents the NZ National total inventory figure, which has moved from nearly 53,000 units down to “a tad over” 47,000 units meanwhile Nelson, the red line above, is on 985, exactly the same figure it had back in Nov 2010.

Yes there was a bit of a roller coaster ride in between, however on a moving average type basis its a bit more level.