Auckland's property market

PHOTO: Auckland, New Zealand. FILE

🏡 Auckland House Sales Hit New Highs

Auckland’s property market was in full swing in May, with 1,072 homes sold, up a whopping 27.3% on April and the highest May total since 2021.

According to Barfoot & Thompson Managing Director Peter Thompson, “May was an exceptional month… sales numbers for the third month in a row have set new post-2021 records.”

💬 “From a sales number perspective, the market is humming.” — Peter Thompson

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💰 Prices Holding Steady — A Sweet Spot for Buyers?

Despite the buyer activity, prices remain steady, offering excellent value compared to the past two to three years:

  • 🏷️ Average price: $1,085,751

    • ▼ Down 2.2% from April

    • ▼ Down 8.2% from May 2024

  • 💵 Median price: $928,500

    • ▼ Down 0.6% from April

    • ▼ Down 8.3% from May 2024

Thompson says this “rare moment” of stable prices and high stock is prompting buyers to move quickly.

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🏘️ Listings Surge to 9-Year May High

Inventory remains strong, with:

  • 📥 1,855 new listings in May — a 9-year high for the month

  • 📦 6,083 homes available at month-end — double the number available in 2021


🏢 Affordable Apartment Boom Reshapes the Market

One of the biggest shifts? The surge in apartment-style homes, which are reshaping the market:

  • 📊 30% of homes sold in May were under $750,000

  • 🔄 That’s up from just 7% five years ago

These lower-priced properties are keeping median and average prices in check, while also improving access for first-home buyers.


💎 Luxury Market Stays Strong

High-end buyers are also staying active:

  • 💼 57 homes priced $2M+ sold year-to-date — the highest since the 2021/2022 peak


🌄 Rural & Lifestyle Sales Surge

Beyond the city fringe, rural and lifestyle markets had their strongest month of 2025, with:

  • 🌿 Nearly $80 million in sales

  • 🚜 Sales volumes up 61% from April

  • 💰 Total sales value up 30% month-on-month


📊 Key Market Stats – May 2025

📆 Category 📍 May 2025 📈 vs April 2025 📉 vs May 2024
🏠 Average Price $1,085,751 -2.2% -8.2%
💵 Median Price $928,500 -0.6% -8.3%
🔁 Number of Sales 1,072 +27.3% +17%
🆕 New Listings 1,855 +17.6% +9.4%
📦 Month-End Stock 6,083 -0.5% +5.6%

🧠 What It Means For You

Buyers: Now is a rare window to buy at more accessible prices with plenty of choice
Sellers: High buyer demand is lifting sales volume even as prices hold steady
Investors: Apartment-style properties and $2M+ homes are moving — both ends of the market are active

SOURCE: BARFOOTS

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