Our latest QV House Price Index shows the region’s average home value reduced by 2.8% to $787,197 throughout the July quarter. The average home in Wairarapa reduced in value by 2% this quarter. Masterton (-1.7%) and Carterton (-0.3%) recorded smaller declines than the regional average; South Wairarapa (-2.7%) recorded a larger one. However, South Wairarapa’s average home value is still 0.3% higher than at the same time last year at $737,420. Masterton’s average home value is 1.9% lower annually at $562,191, while the average home in Carterton is now worth $589,618, down 3.9% year on year.