More than 13,000 houses were put up for sale in February.
As well as the surge in new listings, the latest New Zealand Property Report shows asking prices have remained high and nationwide average asking price for February was nearly $434,000.
The seasonally adjusted figure is only one percent off the record high set last October.
Wellington and Central Otago experienced record highs in asking price while Auckland saw its average asking price exceed $600,000 for the third time, while Canterbury’s figure surpassed $400,000 for the fourth time.
