Realestate.co.nz’s latest data shows the national average asking price was up by 1.6% to $669,941 in July, as compared to June 2019.
Provincial markets played a major part in the increase with four regions seeing all-time asking prices highs in July.
First among those regions was Taranaki, with an average asking price of $475,424 in July, which is up 11.6% on June.
At the same time, Taranaki is seeing its new listings dry up.
Realestate.co.nz spokesperson Vanessa Taylor says that for two months in a row, new listings have been scarce in the region.