PROPERTY MARKET UPDATE JUNE 2025 BASED ON RESULTS FOR MAY 2025
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NORTHLAND in a SNAPSHOT: Volume UP + 33.3% on 2024 and UP on last month + 20.6% with median price DOWN – 2.9% on 2024 and DOWN – 2.9% on last month, days to sell sitting at 56 days.
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May 2025 was another solid month with more encouraging signs that our market is doing okay. We still had patchy attendance at Open Homes, which depended mostly on the property type and presentation.
Yet again First-Home Buyers were the most active group followed by second home buyers and people moving to Whangarei which there was 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 north of $1m. With 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)
“The month of May is revealing a moderately more active market as the country heads into the winter season. While the number of sales has increased compared to the same period last year, this growth has been accompanied by a decline in the national median price and a slowdown in the number of new listings coming to the market.
New Zealand’s median price has seen a year-on-year decline of 0.9%, settling at $763,000. When considering New Zealand, excluding Auckland, the median price remained stable over the year at $689,000.” Says REINZ
NATIONAL MARKET KEY INDICATORS:
NORTHLAND OVERVIEW: (by REINZ)
“Owner-occupiers, first home buyers and local buyers were the most active across the region, with agents in Kerikeri stating there is a slight decline in higher-end properties. Some vendors had realistic expectations, while others were still a bit higher than current market valuations. Attendance at open homes varied, with some properties seeing high numbers, while others reported little to none.
Market sentiment was influenced by buyers’ lack of urgency, decreased interest rates, and the increased number of active first-home buyers, which resulted in a relatively steady and flat market. Local salespeople cautiously predict a small window of opportunity for current properties to sell, with no influx of new properties on the market during winter.” Says REINZ
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 MAY 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
