Thinking about buying in Auckland?

Now might be your moment.

The average asking price for a house in the region fell to $989,250 in July, according to the latest Trade Me Property Pulse Report.

That’s nearly $17,000 less than June and the first time since September 2024 that prices have dipped below the $1 million mark.

Trade Me Property’s Gavin Lloyd says this drop has arrived earlier than usual, which could mean more time for prices to stay low.

“Last year, prices were under $1 million for two months. This year’s trend could last longer, offering a unique opportunity for buyers.”

For Coasties keeping an eye on Auckland’s housing market, this shift matters.

Many locals work or invest across the city, and a softening in prices could make long-term goals a little more reachable.

Nationally, average asking prices also eased, down to $821,750.

The Bay of Plenty and Taranaki saw the steepest monthly drops, while Canterbury and Southland held steady or rose.

Despite the price falls, there’s still a healthy number of listings.

While listings were down 3% from June, overall buyer interest was up 3% month-on-month.

Lloyd calls the current conditions a “golden opportunity” for buyers.

With more time and less pressure, he says it’s a good window to buy well — if you're ready.

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