The average house value has fallen by more than $100,000 from the start of the year, as the residential market slowdown continues.
Quotable Value's house price index for November shows homes decreased in value by 2.9 percent nationally over the three months ended November, with the average value at just over $945,000 dollars.
Wellington has seen the biggest fall in value in the year so far, with prices down nearly 19 percent.
QV chief operating officer David Nagel spoke to Corin Dann.
