“This isn’t a runaway market,” Williams said. “But there are signs of quiet momentum as 2025 progresses.”
The market’s cautious optimism is mirrored by incremental sales volume increases, as evidenced by REINZ data, which reported a 3.4% rise in properties sold nationally in February compared to the same month last year.
Further suggesting a trend towards market stabilisation, Trade Me’s latest survey revealed a surge in buyer confidence.
Price dips and rising listings
While the national average asking price experienced a slight monthly increase of 0.8%, it was still down 2.6% year-over-year. Only Nelson & Bays saw a year-on-year increase in average asking prices during March.
In terms of inventory, every region except Northland saw an increase in the number of properties for sale, indicating that more homeowners are willing to sell compared to last year, realestate.co.nz reported.