Residential property values have continued to rise in November, according to figures just released by the valuation service QV.
The average national price has risen by 9.2% over the past year, and by 2.5% over the past three months.
House prices are now 11% higher than the previous market peak in late 2007, although when adjusted for inflation, average national values are 4.3% below their 2007 peak.
Prices in Auckland increased 15.2% over the year and were 25.4% above the previous peak in 2007.
When adjusted for inflation, Auckland values were up 13.7% over the past year and 8.1% above the 2007 peak.
In the Wellington area, values have been flat, with just a 3% increase in prices over the year.
Christchurch values were 12.4% above last year's and up 3.2% over the past three months.
Values in Hamilton have grown 5.5% over the year, and by 1.8% over the past three months.
Dunedin prices remained steady, with values now 3.5% above last year's after a 1.3% increase in the last three months.
Most of the country's provincial centres also experienced price rises, with the exception Queenstown Lakes, where prices dropped 0.8%.
QV research director Jonno Ingerson says while the impact of recent mortgage loan to value changes is yet to be seen, there was anecdotal evidence of change in the market.
He says he has reports of fewer potential buyers at open homes, longer marketing periods, and a drop in auction sales.
