At the national level, the figures point to a stable market, though conditions vary by region. The median price eased slightly by 0.6% year-on-year to $775,000. Meanwhile, excluding Auckland, median prices were the same as in April 2025, at $700,000.
Market Summary:
The total number of properties sold in New Zealand decreased by 7.9% year-on-year, from 6,797 to 6,262 sales. New Zealand, excluding Auckland, declined by 4.8% year-on-year, from 4,704 to 4,479.
Nationally, the seasonally adjusted figures for New Zealand show a sales count decrease of 2.1% compared to March. Seasonally adjusted sales figures for New Zealand, excluding Auckland, show a 1.3% month-on-month decrease.
Eight of the sixteen regions recorded year-on-year increases in median prices; the highest increases were observed in:
– West Coast, up 42.4% to $470,000 (based on 47 sales — interpret with caution)
– Southland, up 6.2% to $515,000
– Northland, up 6.2% to $690,000
– Gisborne, up 4.3% to $680,000
Northland Stats:
The median price for Northland increased by 6.2% year-on-year to $690,000
“Local and out-of-town buyers, along with investors, were the most active buyer groups. Whangarei saw a decline in first-home buyers, likely due to borrowers’ higher debt-to-equity ratios.
Most vendors were realistic regarding asking prices, and attendance at open homes was steady throughout the month. Around half of auctions had approximately two bidders, while the remaining half had none.
Market sentiment was influenced by tightening debt ratios and discussions around insurance for properties in flood zones.
Local salespeople cautiously suggest that the market will remain steady over the next few months.”
REINZ