As the real estate market of New Zealand has fallen down, the market is struggling to uphold a momentum. This state also saw a downfall of 17% on the properties sold in the last few months. However, this situation did not stop the commentators in analyzing them. The median price in New Zealand also fell $10,000 – $350,000 in the same period. According to the reports of the analysts, the housing market in New Zealand is under great pressure.