House prices in New Zealand remain down despite sales increase

rnz.co.nz

New data shows a slight recovery in New Zealand's housing market, with sales up 3.4% year-on-year. However, house prices remain down 1.2% compared to last year, despite some sellers expecting price increases due to falling interest rates. Sales activity varies by region, with Waikato, Bay of Plenty, and Taranaki seeing significant increases. New listings dropped to 11,363, while inventory levels rose by 13.6%. The median days to sell increased to 54, with some areas like Northland reaching 70 days. The Real Estate Institute noted that many vendors are adjusting their price expectations, but some still anticipate higher values. First-home buyers and investors are active in Auckland and Wellington, while some investors are selling due to local rate increases.


With a significance score of 2.2, this news ranks in the top 38% of today's 16483 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.


More on this topic:

    [3.1]
    Global deal volume drops 9%, Europe declines 16% (businesstoday.in)
    1h
    [2.6]
    Canadian home sales fell 9.8% in February 2025 (financialpost.com)
    3h
    [2.5]
    New Zealand services sector growth has slowed significantly (rnz.co.nz)
    18h
    [2.5]
    Indian cities' residential market shows signs of peaking (livemint.com)
    16h
    [2.5]
    Economy shows signs of growth after severe recession (rnz.co.nz)
    23h
    [2.2]
    House prices in New Zealand remain down despite sales increase (rnz.co.nz)
    20h
    [1.8]
    Singapore new private home sales reach 13-year high (channelnewsasia.com)
    7h
    [1.7]
    NZ sharemarket declines 0.8%, Spark reaches 14-year low (nzherald.co.nz)
    11h
    [1.7]
    Essendon sees largest house price drop in Melbourne (theage.com.au)
    1d 20h
    [1.7]
    UK housing market value rose 6.3% last year (dailymail.co.uk)
    16h