Harcourts' November sales volumes were down compared to November last year, led by a decline in the Auckland market.
The agency, which is the country's largest, sold 1985 residential properties in November, down 3.9% compared to November last year.
All three of the main centres recorded declines, with sales in Auckland down 12.1% compared to a year ago while sales were down 5.7% in Wellington and 6.9% lower in Christchurch.
There was also a sharp decline new listings, with the agency signing up 2320 new properties for sale in November, down 12.5% compared to November last year.
The decline in new listings was evident throughout the country but was most noticeable in Auckland, where new listings were down 17.9% compared to November last year.
The drop in new listings also led to a decline in the total amount of stock Harcourts had on its books at the end of November, which dropped to 6775 properties, down 5.4% compared to November last year.
The decline in total stock was evident throughout the country but was highest in Auckland, where total stock for sale was down 8.9% compared to a year ago.
However while sales, new listings and stock levels were all lower in November compared to a year earlier, average selling prices were more mixed.
The average selling price of all homes sold by Harcourts last month was $638,992, up 2.1% compared to November last year.
In Wellington the average selling price was $559,081 which was up 13% on a year ago, and in Christchurch it was $570,235 which was up 2.7% on last year.
But prices in Auckland went against the trend and the average selling price in the Auckland region was $955,852 in November, down 8.7% compared to November 2017.
"Figures for spring into summer have been as changeable as the weather," Harcourts CEO Chris Kennedy said.
"We expect to see some positivity filter through during the warmer months and we hope this will give both buyers and sellers confidence in the market."
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