NZ Property Market Stalls for 2.5 Years: Is This Flatline Hiding a Spring Surge? | FULL REPORT - Property News AU/NZ | propertynoise.co.nz & propertynoise.com.au

PHOTO: Southland hits new highs, Auckland CVs drop — and sellers go missing in action

📊 National Asking Prices Stagnate at $855,360 — What Does It Mean for You?

The New Zealand property market just marked 30 months of price stagnation, with the national average asking price dipping 0.9% year-on-year to $855,360, according to new data from realestate.co.nz.

“We could call this stability – but in truth, it’s flatlining,” says Vanessa Williams, realestate.co.nz spokesperson.

Since December 2022, asking prices haven’t crossed the $900,000 threshold. While a static market can help manage expectations for both buyers and sellers, some experts say true recovery is tied to a moving market.

The Truth About Trade Me vs OneRoof vs RealEstate.co.nz — Property Insiders Are Talking | WATCH

🌍 Regional Winners & Losers: Southland Soars, Northland Nosedives

Not all regions are equal in 2025. Here’s the breakdown:

📈 Regional Highs:

🏆 Southland:
- All-time record average asking price for the second straight month
- Up 8.6% year-on-year to $568,647

📉 Regional Lows:

😓 Northland:
- Down 9.1% to $773,681
- First time under $800K since July 2024

🚦 Market Summary:

7 regions saw price declines both monthly and annually
4 regions showed consistent growth across both measures

“Cashflow Positive? Yeah Right!” Property Coach Slams ‘Misleading’ Real Estate Ads

📉 Stock Levels in Decline Since March Peak

National housing stock continues to shrink:

Month	Total Listings
March 2025	36,870
April 2025	35,924
May 2025	34,415
June 2025	32,384

Standout Stats:

Gisborne: Stock up 48.8% YoY
West Coast: Stock up 20.4% YoY
Southland: Biggest decline at -12.8%

“We’re seeing busier open homes and more confidence as interest rates ease,” says Williams. “These are promising early signs.”

https://www.propertynoise.co.nz/want-better-leads-smarter-prospecting-starts-here/

❄️ Sellers Catch the Winter Blues as Listings Drop

Winter is biting hard. New listings dropped 2.5% nationally, totalling 7,612 in June.

📈 Regional Highlight:

Gisborne: Up 25.8% YoY

📉 Coldest Markets:

Nelson & Bays: Down 15.8% YoY
Nelson saw the lowest number of June listings since records began 18 years ago.

“It’s been a busy listing year, but sellers might be hibernating until spring,” says Williams.

🏙 Spotlight: Auckland’s CV Update and What It Means

All eyes are on Auckland, following the release of updated Council Valuations (CVs).

Auckland Property Snapshot – June 2025:

New listings: 2,912 (down 1.1% YoY)
Average asking price: $1,013,978 (down 2.8% YoY)
Total stock: 12,670 (up 4.2% YoY)

“Despite being a year old, CVs offer another helpful data point,” says Williams. “Asking prices have stayed flat, suggesting the new CVs remain relevant.”