The average asking price for homes has tumbled in the past year, down by more than $100,000.

12 months ago we were closing in on a million dollars, now the average price is about $860,000.

But there is one interesting uptick in the latest data from Trade Me; the price of apartments in Christchurch is up more than $100,000.

Trade Me property sales director, Gavin Lloyd spoke to Max Towle.