"In Auckland, median prices rose a seasonally adjusted +11 per cent (6.7 per cent median change) year-on-year, although the median price dropped $5000 (-1 per cent) during February. "Auckland inventory has risen by 20 per cent (1562 properties) over the past year, rising sharply over the past three months. Over the same period, Auckland sales volumes were 8.9 per cent lower on a seasonally adjusted basis. "Auction sales dropped from 34.8 per cent of sales in February 2016 to 29.3 per cent in February 2017. Median house prices firmed slightly and sales volumes lifted across New Zealand during February as the market exited the holiday period.

Source: New Zealand Herald March 12, 2017 21:20 UTC