Auckland’s average asking price rose to $1,040,150 in January, putting it back above $1 million.

Trade Me Property said the national average asking price rebounded to $857,000 in January.

That was up 7 per cent from December and flat year-on-year.

Trade Me Property’s figures show Auckland was the most expensive region again after the Bay of Plenty briefly led in December.

Auckland’s average asking price rose more than 9 per cent month-on-month.

Trade Me Property Customer Director Gavin Lloyd said it was “interesting to compare and contrast” Auckland and the Bay of Plenty.

He said Auckland prices were still 3.5 per cent behind January 2025, while Bay of Plenty was down 0.5 per cent month-on-month but up more than 4 per cent year-on-year.

Lloyd said Auckland has seen more properties under $800,000, which he described as the typical first-home buyer bracket.

He said Bay of Plenty has had a higher percentage of properties over $2 million.

Lloyd said Trade Me Property search activity was up 40 per cent on December and 23 per cent year-on-year.

He said Auckland search interest was up 45 per cent month-on-month and 19 per cent year-on-year.

Supply rose from December but was still down 8 per cent compared with January 2025. Nelson/Tasman, Marlborough and Northland were among the regions that recorded month-on-month falls.

The West Coast and Southland reached record high average asking prices in January, and Gisborne also hit a record high.

Trade Me currently shows 1,018 residential property listings across Arkles Bay, Army Bay, Big Manly, Dairy Flat and other Hibiscus Coast suburbs, ranging from $250,000 to $10 million.

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