The latest market update reports that sales volumes were seasonally low and dipped in January as Auckland and national median house prices rise again annually.

After months of record low numbers of houses available for sale across Auckland, the number of properties for sale in the region saw a 17% increase compared to January 2016. However, nationally, there was a decline in new houses available for sale compared with January 2016.

The medium house sale price in Auckland was down by 4.2% from the month previous from $840,000 to $805,000.

The average time a home takes to sell in Auckland is 41 days which has increased by 2 days from the same time last year.