New REINZ figures show the housing market is still subdued- but some buyer confidence is returning.

Their house price index shows the national median house sale price has dropped 1.3 percent in the month to July and sales have declined 15 percent.

Despite this, REINZ chief executive Jen Baird says there's been a clear uptick in buyer activity.

"More people are showing up at open homes, more people are showing up at auctions and we are starting to see that in sales volumes."

LISTEN ABOVE