New Zealand’s property market kicked off 2025 with a surge in new listings, reaching levels not seen in nearly a decade, according to realestate.co.nz.

After a record-low December, January saw nearly 9,000 new listings, marking a 21.2% increase year-on-year.

The influx of properties is providing buyers with more choice while increasing competition among sellers.

Stock levels are also at their highest January levels since 2015, creating a market environment with relative price stability.

Stock Levels at a 10-Year High

Stock levels nationwide climbed 18.9% compared to January 2024, with all 19 regions experiencing an increase.

Auckland led the surge, recording 11,465 properties available for sale—the highest January level since 2012.

“We haven’t seen this level of housing stock in Auckland for more than a decade,” said Sarah Wood, CEO of realestate.co.nz. “

There could be a window of opportunity for those looking for property in the region.”

The increase in stock levels indicates a more balanced market, with buyers benefiting from greater selection while sellers navigate a more competitive environment.

Prices Hold Steady Despite Market Shifts

While new listings and stock levels surged, property prices remained relatively stable.

The national average asking price in January was $868,969, a slight 1.3% decline from the previous year.

Regional trends varied, with Coromandel experiencing the largest drop, down 20.3% year-on-year to $1,004,312.

Conversely, the West Coast saw a 6.3% price increase, reaching $505,151.

Four regions—Auckland, Hawke’s Bay, Nelson & Bays, and Southland—saw prices rise both month-on-month and year-on-year.

Opportunities in a Changing Market

With interest rates easing and a high volume of properties available, market conditions are providing both buyers and sellers with new opportunities.

“Lots of choice, combined with relative price stability, offers certainty for both buyers and sellers,” said Wood.

“And as interest rates decline, the market may become more appealing for those on the sidelines.”

Despite the strong start to the year, high stock levels mean a rapid rebound in prices is unlikely.

However, Wood noted that real estate markets are cyclical, and shifts are expected over time.

Have a News story to share?

Contact [email protected]