There are a record low number of houses for sale across the country - and a housing expert says that makes it a great time to sell your home.

The figures have been released by realestate.co.nz.

It says for the first time, the national average house price has gone above $700,000.

Spokesperson Vanessa Taylor told Tim Dower that's good news for those wanting to sell.

"Having a small number of houses on the market drives prices up."

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