In his report for August 2011, Mr Collins said while new listings of property for sale had increased, they could still be considered "tight".
A total of 44 dwelling sales were recorded last month, compared with 32 in July and 30 in August last year.
Mr Collins said increased buyer demand and good sales activity, particularly in the $300,000-$600,000 price range were recorded in August.
"The family house market in Frankton and surrounding suburbs continues to be active in the $500,000-$650,000 price range.
"The appealing factor this time of year is the longer sunshine hours in these suburbs."
A high level of apartment and unit sales to northern New Zealand and Australian residents purchasing for investment and personal use had also been a feature, along with an emergence of local investors buying "sub-$400,000 properties for long-term rental".
Rental demand from tenants continued to be strong in August, with low vacancies reported by most property managers, Mr Collins said.
Ten section sales were recorded last month, compared with 14 for July and five in August 2010.
The median sale price for dwellings was $495,000, similar to the $492,500 in July 2011, but 4% down on August 2010.
