The housing market is showing more signs of slowing, with sales and values slipping in June.
QV says values slipped 5.6% from May, but are 5.2% higher than the same time last year.
Valuations manager Glenda Whitehead says the number of sales remains about 20% below average.
However, she says pent-up buyer demand may boost sales volumes in the lead up to spring.
The national average sales price climbed 0.5%, to $404,715.
