Coasties keeping an eye on the local property market will be interested to know that the number of residential real estate listings on Trade Me Property has reached a five-year high.

According to Trade Me Property, January 2025 saw a significant rebound in property listing views, up 43% from December.

This rapid recovery is attributed to recent interest rate cuts and increased consumer curiosity in the market.

Gavin Lloyd, Trade Me Property Customer Director, notes, "While a decrease in listing views over the holiday period is typical, this rapid rebound suggests that many Kiwis may be considering buying or selling in 2025."

The national average asking price in January was $842,900, a 0.8% decrease from December.

Source: TradeMe.

Most regions showed relatively stable market conditions, with minor fluctuations.

Gisborne, West Coast, and Southland experienced notable growth, with Gisborne property prices surging 6.9% in January.

The West Coast and Southland took the top spot, achieving the highest year-on-year increases in average asking prices.

Meanwhile, the latest figures from the Real Estate Institute of New Zealand (REINZ) for January 2025 showed some positive signs across the New Zealand property market.

REINZ Chief Executive Jen Baird stated, "While the numbers predictably show January being a slower month due to the holidays, sales and listings were higher compared to January 2024."

The median price for New Zealand decreased slightly, down 1.7% from $763,000 to $750,000 year-on-year.

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