Sales in Hawke's Bay slowing down however the average sale price is picking up, according to the latest Real Estate Institute of New Zealand (REINZ) figures.
While sales volumes this February have risen by 33 per cent on January, compared to sales volumes in February last year the volume has fallen 18 per cent with with sales rising in Dannevirke and Hawke's Bay Country but falling across the rest of the region.
Ray White managing director Elanor MacDonald said the latest REINZ figures match was she has seen over the past few months, with sales slowing down and the average sale price picking up.
"We've got a lot of people coming from out of town putting pressure on sales and the rental market," she said.
Ms MacDonald also noted there had been a considerable increase in sales of houses in the "top end" of the market, with prices between $1 and $1.5 million dollars not uncommon.