A Tauranga valuer has put an unseasonable spring dip in Tauranga's housing market down to election uncertainty.
Tauranga home values dropped 0.6 per cent over the past three months, according to the latest figures from Quotable Value.
In spite of the small drop, values were up 5.4 per cent on last year. The average Tauranga house value was sitting at $687,241 - a 42.7 per cent increase on the previous peak in 2007.
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QV Tauranga registered valuer David Hume said many buyers and sellers had been taking a wait and see approach until after the election.
"This means we haven't seen the usual spring surge in the market."
He said the Mount Maunganui market was still going strong. Demand was high and record sale prices were still being achieved.