The housing sector in Tauranga and the wider Western Bay of Plenty is continuing to experience low sale volumes, according to the latest Quotable Value figures.

Quotable Value's Residential Price Index for October shows that property values in Tauranga have held over the month.

The residential property market in Tauranga has continued in a contracted state characterised by low sales volumes, says QV's Russell Oliver.

'This seems to be as a direct result of the reluctance of prospective purchasers to buy. 'Certainly, unrealistically priced property remains unsold in current conditions.”

He says most sales in the region are still in the lower price brackets, continuing the trend previously reported.

'Activity in the over $700,000 bracket has been quite depressed.”

The average sales price for Tauranga in October was $408,208.