There were 41 dwelling sales recorded last month, 9% down on May, 2009 when there were 45 sales, but up by 5% on June, 2008 with 39 sales.
Mr Snow said 10 residential sections sold last month, one more than May and 333% up on the three section sales in June, 2008.
Combined section and dwelling sales totalled 51 for June, 2009, compared with 54 in May, 2009 and 21% up on the 42 of June, 2008.
Sales values for June, 2009 were "interest-ingly" down by 25% on May, 2009 [from $32,887,500 to $24,665,150] and 22% down on June 2008 when the value was $31,442,200.
There was no significant shift in the median sale price of residential dwellings, with $520,000 for June 2009 showing a 4% increase from May [$500,000] but a 10% decrease against $580,000 in June 2008.
Mr Snow said the median days for selling a residential dwelling showed "a pleasing decrease" to 47 days, compared with 50 days in May and 70 days in June, 2008.
"This supports the continuing increase in confidence in the real estate market by purchasers and demonstrates vendors accepting market prices sooner than they were this time last year," he said.
"Comment from most real estate agents is that there is a shortage of properties to sell that are priced to market conditions.
"Buyer enquiry remains relatively active and at higher levels than this time last year.
"With lower stock levels and reasonable enquiry levels, there is a suggestion of a small movement towards balance in the current market," Mr Snow said.
