October’s nationwide surge in new property listings points to more choice and momentum for Hibiscus Coast buyers and sellers as summer nears.

Trade Me says new listings were up 29 per cent from September and 3 per cent year-on-year, the highest since late 2021, while buyer demand rose 11 per cent month-on-month and more than 18 per cent on October 2024.

“It’s awesome to see the property market firing on all cylinders in October, proving that the spring selling season is well and truly underway,” says Trade Me Property Customer Director Gavin Lloyd.

“Buyers appear to be feeling the confidence that comes with more choice too as we’ve seen strong demand both compared to September and year-on-year.”

Supply kept building into spring, with listings up 5.9 per cent year-on-year and close to 19 per cent higher than August.

Property searches jumped more than 24 per cent compared with September 2024.

Asking prices lifted.

The national average in October was $883,200, up 6 per cent, or nearly $48,000, from September, and flat year-on-year.

Twelve of 15 regions rose month-on-month, with Southland down 2 per cent, the West Coast down 1 per cent, and Taranaki unchanged.

Biggest movers were Gisborne up 17 per cent, Hawke’s Bay up 13 per cent, Marlborough up 13 per cent, Northland up 11 per cent, and Bay of Plenty up 10 per cent.

Homes also moved faster.

Median days onsite fell from 65 in September to 57 in October, the lowest since March, a trend Coast sellers will watch closely.

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