Signals from the property market that investor loan to value ratios are working to pull house prices down, but economists warn figures will remain strong.

According to Barfoot and Thompson figures there's signs of a slow down in Auckland.

The property magnate says we're now looking at a completely different market to 12 months ago.

Managing director Peter Thompson said their figures for September show new listings down, and sales numbers and prices are restrained.

"There's a warning to vendors here not to overprice your properties because the market is at a balance where it could sit for a while if it's overpriced."

ASB Economist Kim Mundy said the figures are no surprise, it's an indication investor LVR restrictions that were brought in last November are taking affect.

She said it's a continuous theme of what they've observed in the last two restrictions, each time they come in it is followed by a cooling in the market.

But Ms Mundy said while they forecast that the remainder of the year will remain subdued, buyers shouldn't expect it to continue.

Unlike Mr Thompson she said housing stock remains incredibly low and for the most part will keep prices, and demand up.

"In Auckland you could easily start to see a degree of price resistance coming into the market, prices could be making buyers sit back a think a little more about the choices they're making but LVRs are driving a lot more activity in the market at the moment."