Sales were more subdued at the country's largest real estate agency in June and prices were particularly weak in Auckland.
Harcourts sold 1684 residential properties in June, down 3.8% compared to June last year and down 15.2% compared to May.
However most of the decline occurred in the Auckland and Wellington markets, with Harcourts selling 398 Auckland properties in June which was down 8.3% compared to June last year.
In Wellington the agency sold 272 properties in June which was down 9.6% compared to June last year.
But sales held up reasonably well in the rest of the country, with June sales in the Central North Island up 3.2% compared to June last year, while in Christchurch June's sales were down just 0.8% and in the rest of the South Island they were up 0.5%.
Harcourts' national average selling price declined for the second month in a row to $617,042 in June but remained up 4.8% on June last year.
However the average price was particularly weak in Auckland where it declined for the second month in a row, from $1,065,739 in April to $923,348 in June, which was down 5.1% compared to June last year.
In Wellington the average price declined from $505,074 in May to $491,407 in June, but remained up 11% compared to June last year. In the rest of the country average prices were up both compared to May and compared to June last year.
The decline in sales volumes that occurred last month was accompanied by a an even bigger decline in new listings, with Harcourts signing up 1634 new properties for sale in June, down 18.6% compared to June last year.
The group's inventory - the total number of properties it has for sale on its books - was down 5.9% compared to a year ago.
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