MARCH 2026 PROPERTY MARKET UPDATE ON RESULTS FOR FEBRUARY 2026
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NORTHLAND in a SNAPSHOT: Volume UP +6.0% on 2025 and UP on last month +45.1% with median price DOWN -8.3% on 2025 and UP +2.3% on last month, days to sell sitting at 71 days.
Click on this image to see more about current properties For Sale with Team Davis
February 2026 has continued to see a somewhat fickle market with again First Home buyers being prominent. This continues to see the lower 1/3 properties continuing to sell well but this tapers off as we move into the middle 1/3 and our upper 1/3 where prices are over $900k and continue to be slower and interest seems to depend mostly on the type, presentation (condition) and location of the properties. We also continue to see an increase in the number of listings coming to market with Whangarei now sitting at 1,085 properties being marketed for sale.
We continue to see Auckland buyers both watching and viewing our higher end properties, but we have struggled to get a good turn out to our Open Homes with properties above $1m over the last month. First-Home Buyers are still very active in our market, taking advantage of our lower prices and lower interest rates.
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)
“February’s housing market shows patience on both sides, with selective buyers and sellers prepared to wait for the right price.
The latest data from the REINZ shows the national median price rose 3.2% year-on-year to $795,000, while sales activity remains largely steady and properties are taking longer to sell.” says Lizzy Ryley, REINZ Chief Executive.
NATIONAL MARKET KEY INDICATORS:
NORTHLAND OVERVIEW: (by REINZ)
“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.
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.” says Lizzy Ryley, REINZ Chief Executive
