New Zealanders are back to asking for more money when selling their homes after a summer slump in the housing market, according to new data from Trade Me.
The average asking price for homes on the online auction website rose 1.6 per cent in February, and nine per cent for the 12 months previous, bringing the national average asking price up to $NZ550,600 ($A488,000).
It comes after three consecutive falls in November, December and January.
Much of the hesitancy in the market has been washed out with vendors now back to asking for more, says Trade Me property chief Nigel Jeffries.
"In summer the market took its foot off the gas, but as we anticipated it looks to be back on track," he said on Wednesday.
"While not hitting any record highs, the average asking price nationwide is up more than $45,000 on a year ago."
Auckland was the main driver for the national-wide growth in February, with the expected average property selling price increasing just 0.9 per cent without the most-populous city's contribution.
"While the red-hot Auckland property market winced in January, we've seen new listings in February inject some energy."
Outside of Auckland, property prices on average rose by $20,000 in the past 12 months.
Hawke's Bay had the greatest growth at 15.3 per cent, while the Taranaki region went the other way with for sale prices contracting by 11.2 per cent.
PROPERTY PRICE INDEX CHANGE IN 12 MONTHS TO FEBRUARY
THE WINNERS
Northland - up 10 pct
Auckland - up 15.1 pct
Bay of Plenty - up 11.6 pct
Waikato - up 9.6 pct
Gisborne - up 9.2 pct
Hawke's Bay - up 15.3 pct
Manawatu/Wanganui - up 4.1 pct
Wellington - up 5.4 pct
Nelson/Tasman - up 4.1 pct
Marlborough - up 3.8 pct
Canterbury - up 3.7 pct
Otago - up 0.7 pct
Southland - up 2.2 pct
THE LOSERS
Taranaki - down 11.2 pct
West Coast - down 0.7 pct
Source: Trade Me