But inherent contradictions are on the rise

House values up in static market

Quotable Value statistics released today show Nelson property values are 5.1 per cent up while Tasman is 6.1 per cent above the same time last year, but that increase has dropped from 6.3 and 7.5 per cent respectively during the last month. The average sale price in Nelson was $376,290 in Nelson and $390,563 in Tasman during June.

QV Nelson valuer Geoff Butterworth said people weren't buying or selling unless they needed to.

"Listings are low, as is demand, and prices are relatively static"

- Nelson Mail, 12 July 2010