“This time of year, from November through February, can make it difficult to separate normal seasonal changes from genuine market shifts,” says REINZ Chief Executive, Lizzy Ryley. “While raw sales counts usually fall from November to December, after adjusting for seasonal trends, it’s clear that the market is holding up. Median prices remained largely stable both across the country and in Auckland. This suggests that, despite the usual seasonal slowdown, the market is resilient and confidence is gradually returning, particularly in regions where buyers and sellers are active.”
Market Summary:
"Local salespeople reported mixed conditions, with some regions having experienced higher levels of buyer interest. In particular, attendance at open homes and enquiries around listings were above what was seen at
this time last year, suggesting improved engagement despite the typical seasonal slowdown.
“First home buyers and owner-occupiers continue to dominate the market,” says Ryley. “Lower interest rates
have improved affordability and encouraged more buyers to re-enter the market, while pricing remains relatively accessible compared with previous peaks. At the same time, high levels of available stock mean
buyers have plenty of choice, allowing them to take a more measured and confident approach when making
decisions.
Overall, 2025 closed with confidence continuing to build, setting a constructive foundation for the year ahead. Looking to 2026, the market is expected to see momentum gradually improve as conditions continue to stabilise.”
Northland stats:
The median price for Northland increased by 6.9% year-on-year to $695,000.
“All buyers were active across Northland in December. Most vendors were realistic regarding asking price, with those selling properties via auction the most realistic. Attendance at open homes was good; some saw higher numbers. Auction room activity and attendance were on the rise before the holiday period.
Market sentiment was influenced by a slight shift in LVR rates, positive media coverage on the property market, and increased buyer confidence. Local salespeople cautiously predict that the market in the first few months of 2026 will be tracking upwards with more activity and sales.”
Lizzy Ryley
REINZ Chief Executive