Photo by Andrea Piacquadio
Despite the chilly season, New Zealand’s housing market is flooded with listings — and sellers still haven’t woken up to the new reality.
🔥 In a recent video analysis, several “urgent” listings on Trade Me Property show that vendors continue to price homes hundreds of thousands above market value — even as properties sit unsold week after week.
🚨 “Urgent sale” tags are popping up all over Trade Me, yet most of these homes still aren’t selling. Why? Because vendors are holding out for pre-COVID prices that simply don’t exist anymore.
“The flood of properties continues — and they’re just not shifting,” says the video host, highlighting the sheer volume of stale listings clogging the market.
🏚️ The Harsh Reality
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Sellers are in denial, expecting 2021-level prices
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Many listings still show over-inflated asking prices
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Buyers, facing higher interest rates and tighter lending, simply aren’t biting
🔍 The video dissects listings that are marked “must sell”, “price slashed”, and “motivated vendor” — yet remain stagnant. One example showed a home listed at $400,000 above what the market is realistically prepared to pay.
📊 A Market Overloaded
With record numbers of homes listed for sale across New Zealand, the imbalance between supply and demand is only getting worse. New listings are being added daily, creating more competition and forcing down prices — but many sellers are still refusing to accept the truth.
💬 As one viewer commented: “They’re pricing dreams, not homes.”
💡 What This Means for Buyers & Sellers
✅ Buyers: Keep an eye out for motivated vendors and don’t be afraid to negotiate hard
⚠️ Sellers: It’s time to face facts — COVID prices are history, and holding out could cost you even more