Housing market activity in the month of September failed to meet the high of previous months, with this year being dubbed "the year of unpredictability".

Realestate.co.nz spokesperson Vanessa Taylor said September's low highlighted the nature of the property market being unpredictable.

"Typically we can see trends around what happens during the different phases of a year, such as a slow-down in the winter months and a resurgence in spring, but 2016 is The Year of Unpredictability," Taylor said.

The number of new property listings across the country dropped 12.2 per cent in September from the previous year. Total housing stock decreased 23 per cent.

"Traditional seasonal behaviour is diminishing as sellers appear to be more focused on selling at a premium particularly in markets like Auckland, while buyers are considering all their options and properties are now taking a longer time to turn over," Taylor said.

Source: NZHerald