Auckland looks to be leading the pack in the downwards property market. 

CoreLogic's latest House Price Index reveals property prices have dipped 0.2% around the country in May. 

Auckland dropped a notable 0.8% on the back of a 0.6% fall in April. 

Chief Property Economist Kelvin Davidson says it's pretty striking to see our largest city having a weakness in prices. 

He says Auckland has gone backwards in the past two months and that's something to keep an eye on. 

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