Properties sales last month were considerably down on last year, with the wild weather playing its part.

Real Estate Institute data for February shows a drop from more than five thousand homes sold in 2022, to just over three thousand this year.

Auckland, Hawke's Bay and Gisborne in particular saw big hits.

REINZ Chief Executive, Jen Baird, says listings are down across the board.

She says that tells them it's not just buyers being cautious, but the tightening in the economy is impacting sellers as well.