The Real Estate Institute expects the lift in Fonterra's milk price forecast to stimulate renewed interest in dairy farms.
The latest rural property figures show a small lift in farm sales for the past three months. Only nine of the 205 farms to change hands were dairy farms.
Overall farm sales are about half the level of the same period last year, largely because of a slow dairy property market.
Real Estate Institute president Peter McDonald says the extent to which dairy farm sales pick up again will depend on the banks' willingness to lend.
Last week Fonterra raised its payout forecast for the season from $5.10 per kilogram of milk solids to $6.05.