Prices for the Greater Wellington area homes about $5000 lower than in February last year.
House prices and sales melted in January, but real estate agents say it was a typical "summer slowdown".
It has a tennis court, heated pool, spa, a library and views over Wellington - and all for less than $4 million.
Home buyers in the Wellington region are "conservative and cautious".
Most affordable housing in NZ - Palmerston North's - remains unaffordable for the average earner.
Fresh calls for a checklist for rental properties have been supported by student leaders.
He's the so-called Minister of Twitter - now Tau Henare has taken to social media to sell a house.
House building slows, even in Canterbury, but non-residential building work is close to record levels.
Leaky state homes in Wellington will be torn down after Housing NZ decided refurbishment was too costly.
Ian Cassels' project opposed
A Wellington developer has sparked a fight with residents over a multimillion-dollar project that will see three-storey rental apartments in the suburbs.
Properties nationwide are underinsured and could leave homeowners facing a hefty bill after a disaster.
Review of City Council's social housing policy to explore starting own entity to run state housing.
The Hutt Valley continues to outshine the rest of the Wellington region, with its median house prices continuing to rise.
Oh we do love to live beside the seaside, in the sunny Wellington village of Eastbourne.
Built for "an English gentleman"
A heritage-listed Victorian villa in Greytown is for sale with a rateable value of more than $1m.
Demand for home in Wellington's eastern suburbs remains high.
House prices still rising but not as much in many main centres last month.
Adults and children alike run free on this lovely country home on the outskirts of Gisborne.
Avoid the areas near the Mongrel Mob house and you've got great views that come at a cheap price.
A lack of pressure in the Wellington region's housing market saw average house values dip slightly in the last three months.
Do you rent or own your home?Related story: $1m-plus in unclaimed bonds