September 2012 Nelson Property Home Sales Report

Oct 9th 2012

Yesterday, REINZ released the official sales figures for the month of September 2012.

The above chart does suggest some balance coming back to the pricing steps between 2 / 3 / 4 / 5 bedrooms.

This month REINZ, that’s the Real Estate Institute of NZ, report that;

Sales up 8 per cent year on year

National median house price just below record median

National days to sell has fallen by 13 days since February (46 days to 33 days)

New record median house price for Auckland and Nelson/Marlborough regions

Bearing the brunt of this is mainly because of the lack of a high volume of new listings, leading the REINZ CEO to say;

“The traditional rush of spring listings has not eventuated this year and the market is tightening as buyers face a limited choice of offerings,”

Nelson did get a mention too….

For the month of September, Nelson/Marlborough recorded the highest lift in prices for the month with an increase of 7.0%,

and……below you can see how reasonably stable the prices of homes have been locally over recent years in the Nelson City zone.