The latest figures from the Real Estate Institute of New Zealand show the property market in the Western Bay of Plenty is rallying after a slow period with median sale prices and sales quantities mainly on the up in the three month period ending November 30.

In Tauranga, the median sale price increased to $328,150 in the November period from $314,000 in October. It is still below the November 2009 period median value of $355,000, but sales of residential properties increased to 98 compared to 74 in the October period.

In the Western Bay of Plenty country area, the median price rose to $405,000 from $390,000 in the October period and is up on the median of $377,750 in the November 2009 period. Sales volumes rose to 50 in the November period from 47 in the October period, although 50 is down on the 58 sold in the November 2009 period.

The one glitch to the Western Bay sweeping increase is the median sale price for a house in Mount Maunganui/Papamoa slid back to $395,000 from $400,000 in the October period and is also down on the November 2009 period median of $407,000.

On the upside there were 75 sales in the November period, up on the 59 in the October period, although it is still down on the 81 sold in the November 2009 period.