Dunedin home values have increased significantly in the past three months, reflecting a similar national rise.

The latest figures from Quotable Value New Zealand show the average price in the city is now just over $320,000.

That's an increase of more than 4% since March.

The national rise over the last three months was 3.9%.

Dunedin valuer Duncan Jack says right now it's a seller's market locally with buyer demand still strong.

Listings, however, are low for this time of year.