“We’re seeing the usual seasonal patterns play out, with buyers still active in the market even as listing volumes tighten ahead of spring,” said Lizzy Ryley, REINZ Chief Executive. “The lift in sales compared to last July suggests there’s a solid level of interest despite fewer new listings coming to market. The data shows a broad-based resilience in property values, with price growth in some areas, which suggests that local markets responded positively to buyer demand despite winter conditions,” Ryley says. “Compared to June 2025, the seasonally adjusted data indicates a slight increase in New Zealand’s median price. While some regions saw notable price growth, others experienced declines, highlighting a mixed housing market across the country.”
Market Summary:
The total number of properties sold in New Zealand increased by 4.0% year-on-year, to 6,319 properties sold in July 2025. New Zealand, excluding Auckland, saw sales increase by 6.1% year-on-year, to 4,421 properties sold in July 2025. Four regions reported an increase in listings compared to last year. These were:
– Gisborne, up 54.5% (from 33 to 51)
– Taranaki, up 34.3% (from 140 to 188)
– Northland, up 26.3% (from 224 to 282)
– Bay of Plenty, up 0.8% (from 527 to 531)
Northland Stats:
The median price for Northland increased by 1.6% year-on-year to $655,000.
“Owner-occupiers and first home buyers were the most active buyer group. Most vendors met current market conditions regarding asking price, with lower offers being accepted. Attendance at open homes varied around the region, with reports of very low attendance at older listings, but stronger attendance reported in Whangarei due to the decline of new listings.
Auction room activity and attendance remained steady; if a property wasn’t sold during the auction, around 70% of the time it was sold afterwards. In Kerikeri, however, it was a different story, with most auctions being passed in and having low attendance. Factors such as a tight rental market, interest rates easing without making an immediate impact, and a lack of buyer urgency influenced market sentiment. Local salespeople predict that the local market will remain steady over the next few months, stating that if Auckland’s market lifts, theirs will follow.”
Lizzy Ryley
REINZ Chief Executive