SEPTEMBER 2026 PROPERTY MARKET UPDATE ON RESULTS FOR AUGUST 2026
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NORTHLAND in a SNAPSHOT: Volume DOWN – 14.6% on 2025 and DOWN on last month – 14.6% with median price UP + 3.6% on 2025 and DOWN -6.7% on last month, days to sell sitting at 72 days.
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August 2026 was another typical winter market with sales and prices steady. Both second home buyers and first home buyers again were the most active in our market during the last month with no sign of this letting up.
Property prices are steady with some properties achieving good results where they are very well presented without the need for any maintenance catch up. This continues to see the lower 1/3 properties selling well and we continue to see improved sales in the middle 1/3 also, however our upper 1/3 where prices are over $1m continues to be slower and interest seems to depend mostly on the type, presentation (condition) and location of the property.
We also continue to see new listings coming to market with Whangarei now sitting at 941 properties being marketed for sale in Whangarei.
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)
“REINZ data for August 2026 reinforces a picture of relative stability in national prices over recent months, even as sales activity slows and regional performance continues to diverge – particularly between the North and South Islands. The national median sale price of $750,000 was down 1.3% year-on-year, while sales decreased 13.0% compared with August 2025. Properties took a median of 51 days to sell – three days longer than in August 2025 and the fourth-highest August figure on record in 35 years.” says Lizzy Ryley, REINZ Chief Executive.
NATIONAL MARKET KEY INDICATORS:
NORTHLAND OVERVIEW: (by REINZ)
“Owner-occupiers, including local buyers moving into their own homes, were the most active buyer group in August. First-home buyer activity eased in some parts of the region but remained steady elsewhere.
Vendor price expectations were generally aligned with market conditions, although some vendors adjusted their expectations during the sales campaign. Open home attendance was mixed, with well-priced and well-presented properties attracting stronger interest. Lower-priced properties with development or renovation potential also drew good numbers. Auction activity remained quiet overall and property-specific, although investor and developer interest was evident in some cases.
Market sentiment was steady overall, although economic and global uncertainty, the upcoming general election and interest rate movements continued to influence confidence. Local salespeople anticipate steady or subdued conditions over the next few months.” 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 AUGUST 2026
If you are thinking of selling but are not sure about whether you can find the right property to buy, please call us to discuss your property needs further as we would love to help you.
