Average prices in the provincial South Island continue to track upwards, reaching an all-time high of $429,435.
This is not far below the average price in Christchurch, which is sitting at $498,370. It is also an 8% jump on the same time last year.
Following the national trend, sales and listings are down in the provincial South Island compared to where they were 12 months ago.
The traditional winter slowdown, the upcoming election and a general cooling of the market has seen a dip in Harcourts' Christchurch figures for July.
As election day nears, sales are down across the country by 18%.
Harcourts CEO Chris Kennedy says it's a time when many New Zealanders hold off on making important financial decisions, to see the lay of the land after election night.
In July sales were down by 19% across Auckland and there were 43.5% more properties available to buy, compared to the same time last year.
Over 45 business brokers gathered on Auckland’s North Shore to attend NAI Harcourts’ inaugural national business brokers’ conference.