After rapid increases in the first half of the year, house prices in Auckland have remained flat, with one economist saying we may have seen the first sign that pressure in the Auckland market is easing. 

However, supply is still constrained despite a small lift in available houses being listed with the number of houses for sale not able to meet demand, and this means upward pressure on prices will be maintained.

Medium prices are in line with November last year, with fewer $1 million plus homes sold in August, with nearly 44% of sales being under $500,000.

Full story: NZ Herald