MAY 2026 PROPERTY MARKET UPDATE ON RESULTS FOR APRIL 2026
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NORTHLAND in a SNAPSHOT: Volume DOWN -10.6% on 2025 and DOWN on last month -21.2% with median price UP +6.2% on 2025 and DOWN -0.6% on last month, days to sell sitting at 55 days.
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April 2026 again seemed to have a lot of things influencing buyer decisions from both global and local issues with rising fuel prices and rising cost of living. First Home buyers for the first time in a couple of years declined but many were still active with out of town buyers and investors also being active.
We continue to see the lower 1/3 properties continuing to sell well and we have seen improved sales in the middle 1/3 also, however our upper 1/3 where prices are over $900k continues to be slower and interest seems to depend mostly on the type, presentation (condition) and location of the properties. We also continue to see new listings coming to market with Whangarei now sitting at 1,018 properties being marketed for sale still well above our normal 800 properties for sale.
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)
“Despite a dip in April sales activity, most regions remained relatively steady with broader market conditions largely unchanged. Overall, the number of sales remains close to the long-term April average, highlighting that this year’s softer headline result still sits comfortably within the market’s historical range.
The seasonally adjusted sales count declined 2.1% compared to March – a more moderate signal than the raw month-on-month drop of 21.2%, most of which is seasonal. It suggests buyers remain active but measured, responding to cost-of-living pressure rather than stepping away from the market.” says Lizzy Ryley, REINZ Chief Executive.
NATIONAL MARKET KEY INDICATORS:
NORTHLAND OVERVIEW: (by REINZ)
“Local and out-of-town buyers, along with investors, were the most active buyer groups. Whangarei saw a decline in first-home buyers, likely due to borrowers’ higher debt-to-equity ratios. Most vendors were realistic regarding asking prices, and attendance at open homes was steady throughout the month.
Market sentiment was influenced by tightening debt ratios and discussions around insurance for properties in flood zones. Local salespeople cautiously suggest that the market will remain steady 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 APRIL 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.
