The prices in real estate in Palmerston North, in the Oroua County region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per m² in Palmerston North has increased during the last 6 months. In October, the average price per m² was $3,549. In November this price pretty much remained the same at a value of $3,464 per m². In the following two months the price per m² has increased 113 %, going from $3,506.5 to $3,945.5 per m². The price per m² has had a considerable increase of 118 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $3,726 to $4,386 during February, and March.
Based upon to the price in Palmerston North (suburbs), this has gone downing the last 6 months. The average price for October is $649,188. During November the price had a slight fall till $587,780. In the following two months the average price has remained the same with regard to the previous two months from $618,484 to $588,821. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $603,652.5 and $632,011 between February and March.