
December 2024 Property Market Update
As December concluded 2024, the New Zealand property market experienced a relatively quiet month, as indicated by the latest figures from the Real Estate Institute of New Zealand (REINZ).
MoreThe property market is cyclical; it’s constantly changing and it’s easy to get caught up in the media’s portrayal of current market conditions.
But whether your goal is that initial step onto the property ladder, a forever home, or an investment opportunity, the most important aspect to
consider when buying or selling is your individual circumstance.
Our Monthly Market reports provide up to date insights and data to help you make the most informed decisions.
As December concluded 2024, the New Zealand property market experienced a relatively quiet month, as indicated by the latest figures from the Real Estate Institute of New Zealand (REINZ).
MoreBuyers are showing increased interest, spurred by the recent reduction in the Official Cash Rate (OCR), prompting more transactions nationwide. At the same time, fewer sellers are bringing their property to market, which is reflected in the nationwide decline in property listings.
MoreIn October 2024 owner-occupiers and first home buyers were the most active buyer groups, with increased investor activity in Whangarei.
MoreSome optimism has returned to the property market, with September 2024 figures showing signs of stability and increasing confidence amongst both vendors and purchasers.
MoreAugust data shows a level of stability in the market. There is signs of increased confidence, optimism and activity compared to the previous year.
MoreThe property market in July shows signs of positivity, with sales having increased nationally in comparison to last year. As further listings hit the already well-supplied market, purchasers are slower to make decisions which extends the average days-to-sell.
MoreThe property market in June has seen lower activity levels than previous months so far, due to the typical winter lull combined with current economical conditions.
MoreThe May Property Market Report reveals a robust and dynamic landscape in Northland, marked by an impressive streak of 26 consecutive months with inventory levels at least 15% higher than the same month the previous year.
MoreThe April Market Report paints a picture of a subdued market amidst prevailing economic challenges. First-home buyers and owner-occupiers continue to dominate the buyer landscape in Northland, with Whangarei witnessing a rise in inquiries from investors and developers.
MoreIn March 2024, the property market witnessed a notable surge in listings, elevating buyer confidence and prompting a deliberate approach to decision-making among some buyers.
MoreThe property market in New Zealand is witnessing a surge in activity, with sales on the rise and prices trending upward.
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