The housing market has cooled yet further.
New figures from CoreLogic NZ show house sales hit a 40-year low over the last year, with 60,859 homes sold.
Analysts are pointing to rising interest rates and tighter lending rules as core issues triggering the slump.
Prices are down, too - falling 8.9 percent in the last year.
And of the main centres, Wellington's fallen the most, down 19.7 percent from its peak.
CoreLogic NZ chief property economist Kelvin Davidson spoke to Corin Dann.
