Sales activity across New Zealand increased slightly by 0.3% year-on-year, with 6,523 sales reported. Excluding Auckland, sales fell 1.2% to 4,580. When adjusted for seasonality, which accounts for typical monthly fluctuations, national sales rose 6.6% compared with January 2026, showing steady underlying growth despite large changes in raw figures. For New Zealand, excluding Auckland, seasonally adjusted sales climbed 3.1%, rather than the 57.1% suggested by the unadjusted numbers.
Market Summary:
The total number of properties sold in New Zealand increased by 0.3% year-on-year, from 6,502 to 6,523 sales. New Zealand, excluding Auckland, saw a decline of 1.2% year-on-year, from 4,635 to 4,580.
The median Days to Sell for New Zealand increased by two days compared to February 2025, reaching 56 days. The median Days to Sell for New Zealand, excluding Auckland, increased by two days, to 55 days.
Six regions recorded an increase in sales compared to February 2025. The highest were in
– Otago, up 12.9% to 419 sales
– Waikato, up 8.5% to 703 sales
– Northland, up 6.0% to 177 sales
Northland stats:
The median price for Northland decreased by 8.3% year-on-year to $665,000
“Local buyers and investors were the most active buyer groups.
Some vendor expectations were still above current market conditions; however, with constructive feedback, they became more aligned to meet the market. Attendance at open homes varied throughout the region, with well-presented homes attracting the highest numbers. Auction room attendance was steady, with most properties having at least one active bidder. Similar to open homes, well-presented properties attracted 4-6 active bidders on auction day.
Factors such as steadily rising stock, which provided buyers with more options, influenced market sentiment, along with stable prices and a rebound in rental values. Local agents suggest that over the next few months, there won’t be any significant changes in their local market, and it will remain steady.”
Lizzy Ryley
REINZ Chief Executive