The real estate market in New Zealand kicked off 2025 with a bang, as sellers listed properties at levels not seen in a decade. Coined ‘the perfect market’ in November, the rare stability of high stock levels and stable prices has carried over into the new year. With growing confidence and declining interest rates, the burning question remains: when will the market change?
January 2025 saw new listings reach levels not witnessed since 2015, with nearly 9,000 new listings nationally. This 21.2% year-on-year increase suggests that sellers are entering the market with renewed vigour. Sarah Wood, CEO of realestate.co.nz, remarked on this significant rise, noting that it’s atypical for new listings to be so high in January, a month traditionally associated with a nationwide holiday.
National stock levels also soared, up 18.9% year-on-year to 32,412 properties. Every one of New Zealand’s 19 regions saw an increase compared to January 2024. Auckland, in particular, reached a 13-year high with 11,465 properties available for sale. This marked the highest January stock level since 2012, providing ample opportunities for buyers in the region.
The early months of 2025 are shaping up to be a pivotal time for the New Zealand real estate market. January’s surge in new listings, coupled with steady asking prices, creates a unique landscape for both buyers and sellers.
The increase in stock levels, especially in regions like Auckland, highlights a market brimming with opportunities. Auckland’s 13-year stock high means prospective buyers have a vast selection to choose from, potentially finding properties that align perfectly with their needs and budgets. This abundance of choice is not just confined to Auckland; nationwide figures show similar trends, signalling a healthy market that can cater to a wide range of preferences and financial capabilities.
Despite the robust start, Sarah Wood’s insights remind us of the cyclical nature of the market. High stock levels and declining interest rates are positive indicators, but they also suggest that the market is in a state of flux. While the immediate future looks promising, potential shifts could occur as these properties are absorbed back into the market.
For those in the real estate industry, these trends offer a wealth of data to analyze and strategize around. It’s a dynamic time, and staying informed is key to making the most of the opportunities that 2025 presents. As we move forward, monitoring these patterns will be crucial for anticipating and adapting to market changes.
The national average asking price for January 2025 stood at $868,969, down 1.3% year-on-year but up 2.9% from December 2024. This stability offers both buyers and sellers the predictability they seek. Some regions, such as West Coast, saw average asking prices rise (up 6.3% year-on-year), while others like Coromandel experienced a significant decline (down 20.3% year-on-year).
With interest rates easing and a plethora of properties on the market, the beginning of 2025 presents a prime opportunity for both buyers and sellers. Wood predicts that while the market is cyclical and changes are inevitable, the current high stock levels provide a buffer against rapid shifts.
For those looking to delve deeper into the property market, realestate.co.nz offers comprehensive insights:
As we navigate the complexities of 2025’s real estate landscape, the balance of high stock levels and stable prices continues to offer a promising outlook for those ready to make their move.
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