PROPERTY MARKET UPDATE MAY 2025 BASED ON RESULTS FOR APRIL 2025
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NORTHLAND in a SNAPSHOT: Volume UP + 13.0% on 2024 and UP on last month + 2.2% with median price DOWN – 5.8% on 2024 and DOWN – 5.8% on last month, days to sell sitting at 59 days.
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April 2025 was another good 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.
Again First Home Buyers were the most active group followed by second home buyers and people moving to Whangarei. With the further reduction in interest rates continuing to encourage buyers, our market is performing well although we still have a shortage of buyers in our high end with properties north of $1m. While our medium price is down -0.7% on last year this will be influenced by the higher-than-normal activity of First Home Buyers in the lower 1/3 price range of our properties which is skewing the medium price compared to the prior year.
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)
“April stats reveal a slightly slower and more subdued market as the cooler months arrive. Although sales have increased compared to April 2024, the national median price has declined. Additionally, new listings entering the market have also reported a drop.
During April there were many factors that influenced the property market, such as school holidays, ANZAC Day, and Easter. Some salespeople mentioned that there were fewer attendees at open homes and fewer successful auction” Says Acting CEO Rowan Dixon REINZ
NATIONAL MARKET KEY INDICATORS:
NORTHLAND OVERVIEW: (by REINZ)
“Owner-occupiers and first-home buyers were the most active participants in the market. Investor enquiries increased in Whangarei. Some vendors had high expectations and clung to prices seen at the height of the market; however, as the campaign progressed and they were motivated by the desire to sell, they became willing to adjust to meet market expectations.
Attendance at open homes for new listings and well-priced properties drew good numbers. The auction room clearance rate in Whangarei was reasonable.
Local agents describe their market sentiment as relatively flat, with first-home buyers expressing concerns about their KiwiSaver funds. They predict a slight dip in sales in the coming months as the stock coming to market continues to increase, which could lead to a decrease in buyer activity.” Says Acting CEO Rowan Dixon 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 APRIL 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
