The Wellington property market is perking up, with a rapid rise in the number of homes sold, and prices are ticking up after a flat patch.
The median price in the Wellington region increased by 5.3 per cent on last year, which equated to about $21,000, according to latest Real Estate Institute figures out on Tuesday.
Agents say the market is as busy as they have even seen it, and in some cases many buyers are after the same property.
In March, house sales volumes were up almost 20 per cent on the same month last year, REINZ figures show.
As competition for property in Wellington heats up, the process of buying a home is proving frustrating for many.
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