Values growing at slower pace
The average sales price rose to $416,074 last month from $409,807 in January, QV said.
"The annual change in values across New Zealand has continued to increase from last month, but this is masking what has happened in the most recent months," said spokeswoman Glenda Whitehead.
"We expect values to stabilise over the coming months reflecting the ongoing uncertainty around economic factors such as unemployment, pending interest rate rises and continued tight lending criteria."
More Auckland home owners are looking to sell their properties with the city's largest real estate agent Barfoot & Thompson logging the highest number of listings since March last year. House sales fell near a 20-year low in January as fears over what the government will do to property tax and high unemployment dented people's confidence in the market after it revived the economy last year.
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