Rotorua has nearly 1000 properties on the market, bucking a national trend that shows a shortage of houses for sale.
A monthly report from Realestate.co.nz showed the number of houses on the market throughout New Zealand in June had fallen but Rotorua had nearly 1000 properties for sale - a figure that has remained steady for some months.
Realestate.co.nz chief executive Alistair Helm said there was a shortage of listings in almost every region and it had reached a critical point.
"Each of the key regions - Auckland, Wellington and Canterbury, registered some of their lowest levels of inventory on record in June, simply because buyers have been so active," he said.
"With inventory levels so low, not one region of New Zealand can now be described as a buyer's market," he said.