The housing market remains subdued across the country, with slightly weaker prices, more stock available and houses taking longer to sell.
New data from the Real Estate Institute (REINZ) shows the national median fell 2.3 percent, to $781,000.
Infometrics Principal Economist Brad Olsen says prices are likely to stay low - despite recent cuts to interest rates.
LISTEN ABOVE

Erica Stanford: Education Minister explains why Government not looking to ban VPNs
04:40

Barry Soper: Newstalk ZB senior political correspondent on the Government opening new diesel storage at Marsden Point
05:39

Murray Olds: Australian correspondent on Australia's reaction to China's ballistic missile test
04:52