The Auckland housing market had a slow but steady February, with prices and sales tracking close to January levels, according to Barfoot & Thompson.

• 685 homes sold in February—highest February in 3 years
• Median price slipped to NZD$930,000 (down NZD$20,000)
• Average price rose to NZD$1.1M (up NZD$54,000)
• 25% of sales were under NZD$750,000
• Listings reached 5,997—highest in 14 years

Peter Thompson, Managing Director at Barfoot & Thompson, said February’s activity followed the same early-year pattern seen over the past three years.

“Prices remained there or thereabouts with where they were in January, as was the number of sales made,” he said.

He noted that sales at this time of year are largely influenced by January’s holiday period, with any impact from recent interest rate changes unlikely to appear until March.

New listings reached 2,073 in February, supported by a strong supply of new builds and lived-in homes.

A key driver behind the high listings was the steady stream of new builds entering the market.

For Coasties keeping an eye on affordability, 25% of all homes sold were under NZD$750,000—many being apartments and townhouses.

Meanwhile, high-end sales over NZD$2 million made up just over 5% of total sales.

In the rural and lifestyle sectors around Auckland—north, south and west—sales volumes held steady, reaching NZD$44 million, matching last year’s performance.

With more stock on the market and signs of increased activity ahead, March may bring a clearer picture of where the year is heading for local property trends.

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