Property Pulse report for June 2012
There were 419 property sales in the Manukau region of Auckland in June, down from 519 in May although it was still up 7% on June 2011. The inventory of unsold houses across the wider Auckland region at 18.1 weeks remains below the long-term average at 33 weeks of equivalent sales.
The median sales at $495,200 was up 6% which represented a strong rise as compared to May at $480,000. The asking price expectation of new listings across the wider Auckland region fell as compared to May to $558,366 but was up 2% as compared to a year ago.
The level of new listings coming onto the market across the wider Auckland region in June at 3,755 was up 21% as compared to a year ago.
Source: Unconditional
