PROPERTY MARKET UPDATE JULY 2025 BASED ON RESULTS FOR JUNE 2025
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NORTHLAND in a SNAPSHOT: Volume DOWN -10.8% on 2024 and DOWN on last month -41.7% with median price SAME 0.0% on 2024 and UP +0.8% on last month, days to sell sitting at 60 days.
Click on this image to see more about current properties For Sale with Team Davis
June 2025 has continued to show good results and that we are in a traditional winter solid market. Open Home attendance has again been patchy, which depended mostly on the property type and presentation.
The good news is that our overall market stock has reduced to around 900 properties which is very similar to last year and meaning that it is becoming harder for buyers to find that right property making it in some cases more a seller’s market where better than expected results are being achieved.
Yet again First-Home Buyers were the most active group followed by second home buyers and people moving to Whangarei, where we continue to see a noticeable increase. With the further reduction in interest rates continuing to encourage buyers, our market, despite now heading into winter, is performing well although we still have a shortage of buyers in our high end with properties worth over $1m. In regard to our Medium price, this is again being skewed downwards by the number of first-home buyers buying at the lower end of our market.
If you are thinking of Selling, we would love to work with you to get the best result, so call us now for a FREE Property Appraisal and we’ll discuss this with you.
For overall Price Movement – See the 5 year price graph below which highlights pricing movement
NATIONAL OVERVIEW: (by REINZ)
“We’re seeing a market that is steady on the surface but with some movement underneath at a regional level. The unchanged national median price suggests stability, yet this reflects contrasting regional dynamics, with some areas experiencing renewed growth year-on-year,” says Lizzy Ryley REINZ Chief Executive
NATIONAL MARKET KEY INDICATORS:
NORTHLAND OVERVIEW: (by REINZ)
“Owner-occupiers, first home buyers and investors were the most active buyers across the region, with reports of reduced middle to high-end buyers… Most vendor expectations regarding the asking price started high but tend to adjust to meet market expectations throughout the campaign, as well as the low offers that come in. Attendance at open homes was low and slow – the newly listed properties achieved higher attendance.
Market sentiment was influenced by lending criteria and finance approvals, as well as the fear of overpaying – buyers remained confident that they would achieve a lower price if they persisted. Local agents predict that once the Auckland market picks up, their market will follow suit; in the meantime, it will remain steady and patchy.” Says Lizzy Ryley REINZ Chief Executive
Good Property Marketing is helping us to find the best buyers for our properties, ensuring that our vendors get the best result. Call us as we would love to help you get the best result for your property.
5 YEAR MEDIUM PRICE MOVEMENT FOR NORTHLAND TO JUNE 2025
If you want to sell your property, please give us a call as now is a good time to be talking and looking at the best method of taking your property to the market.
Please call us 021 820 015 to discuss your property needs further.
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Click here to download the complete Property Report from REINZ
