Property sale prices in Tauranga and the Mount Maunganui and Papamoa areas are down according to the Real Estate Institute of New Zealand.

The latest REINZ figures show in the three month period ending April this year, the median sale price for a Tauranga property was $320,800.

This is down on the $360,000 figure recorded for the March period and down further on the year-on-year comparison with the figure $370,000 for the April 2010 period.

There were 103 Tauranga property's sold in this year's April period, down on the 119 sold in the March period.

In the Mount Maunganui and Papamoa areas the median sale price for the April period was $389,500 – down on the $432,500 median sale price for the March period.

Sales quantity was steady with 74 sold in the April period compared with 78 in the March period.