The average home value is $808,187, according to Cotality.
New Zealand house prices are still on average about 30 percent lower than they were at the peak of the market.
Cotality's latest data shows house prices continue to drift sideways. The average home value according to its index was $808,187, down 0.1 percent from three months earlier, down 0.6 percent from a year earlier and 17 percent from the 2022 peak.
But when adjusted for inflation over that time, the drop is about 31 percent in real terms. This means that in real terms house prices are back at mid-2016 levels.
Auckland and Wellington have had bigger falls - 37 percent in Auckland and 39 percent in Wellington once inflation-adjusted.
