The average sale price reflects a 7.96% increase on September 2017 to rise from $404,962 to $437,1865.
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In the provincial South Island, the average sale price has seen a 9.2% decrease on February 2018 to fall from $461,319 to now sit
at $419,096 in February 2019.
In Christchurch, the average house price has dropped from $555,957 in February 2018 to $540,459 in February 2019 which is 2.8%.
In Auckland, the average house price in February was up 1.6% on the same recorded period for 2018 with the average for the month sitting at $906,944.
The average sale price has seen a 2.95% increase on January 2018 to rise from $410,911 to now sit at $421,563 in January 2019.
The average house price was in January was back 10.15% on the same recorded period for 2018 with the average for the month sitting at $840,825.
Licensed under the Real Estate Agents Act 2008
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