Waikato house prices drop in April

Realestate.co.nz's April report shows that house prices in Waikato have dropped by 5.7 percent  - the biggest drop in the country.

The average asking price for the month of April in Waikato was $358,509, a difference of $21,806 from March to April.

The average asking price in Auckland was $568,820, a rise of $9451 on March.

This goes against the national figure, which was down $6033 on March at $423,832.

The Waikato region also had a drop in new listings of 2 percent, and had drops in asking prices from last month's peak.

The national inventory of houses for sale dropped 23 per cent from 13,265 March listings to 10,174 last month.