24 Market Activity Year-on-Year This map shows activity in the latest three weeks compared to the same three weeks last year. As we picked up on last month, the year on year drop in activity is now almost across the board. There are only a few very small areas - Tararua and Ruapehu Districts in the North Island and Southland and Gore Districts in the South Island - that have more activity this year than last. Overall volumes in these centres are low and can be volatile, so we urge caution in reading too much into these. It is worth noting the drop in activity in Napier (down 34%) which suggests the strong value growth mentioned earlier in this report, may not be sustained if activity continues to remain weak. * Size of bubble represents the level of activity for the period 2 October - 22 October 2017