Today is Saturday, 26 April 2025

Our Take on the Market

These are the highlights for Auckland taken from The REINZ monthly property report for February 2025.

The latest figures from the Real Estate Institute of New Zealand (REINZ) for February showed some positive signs across the New Zealand property market, with increases in sales counts and auction activity.
The median price for New Zealand declined by 2.4%, from $791,000 to $772,000, year-on-year. Excluding Auckland, the median price fell by only $10,000 (1.4%) from $710,000 to $700,000 compared to February 2024.
National inventory levels increased by 13.6% year-on-year to 35,712 and 10.2% compared to last month.
The House Price Index (HPI) for New Zealand is currently at 3,655, indicating a decrease of 1.2% year-on-year and an increase of 1.4% compared to January 2025. Over the past five years, the average annual growth rate of New Zealand’s HPI has been approximately 4.0%. However, it sits at 10.6% below its peak in 2021.

Realestate.co.nz report that; “The economic hangover is lingering in the property market, but signs of life emerged in March with more properties selling, and faster, than in February.
The number of new listings and total stock rose again this month while prices remained steady. This is good news for buyers who have plenty of options and time to negotiate.”

At Total Focus Property, although we keep a good handle on what the market is doing, we just get on with the job and make sure we adapt our marketing strategy to suit the property, its location and target market.

Please feel free to contact me any time on 0274966966 to discuss your property needs.
Greg Roy AREINZ, Principal/Owner
TOTAL FOCUS PROPERTY LTD