Real estate CEO Sarah Wood

PHOTO: New Zealand’s property market is showing signs of serious momentum. Sarah Wood, CEO of realestate.co.nz

New Zealand’s property market is heating up with 8,769 new listings in August 2025 – up 9% year-on-year. Gisborne smashes into the $800K bracket, OCR cuts ease pressure, and spring momentum kicks in.


🌟 A Fresh Wave of Confidence in NZ Real Estate

According to the latest data from realestate.co.nz, 8,769 new listings were recorded in August 2025, up 9.0% compared to August 2024 (8,048 listings).

👉 The surge in supply comes as OCR cuts ease mortgage pressure, giving both buyers and sellers fresh confidence.

Sarah Wood, CEO of realestate.co.nz, says:

“It’s exciting to see vendor confidence returning. With stable asking prices, falling interest rates, and increased search activity, the market is gearing up for a strong spring.”

https://www.propertynoise.co.nz/the-most-comprehensive-nz-real-estate-agent-database-ever-compiled-order-now-august-2025/


🏡 More Choice for Buyers: Regional Listings on the Rise

Nine out of 19 regions saw an uplift in listings compared to last year.

  • Bay of Plenty: +46.7% (732 vs 499 in August 2024)

  • Gisborne: +40.9% (62 vs 44)

  • Coromandel: +39.1%

🌱 “Spring seems to have hit early this year,” Wood added. “With over 8,500 new properties hitting the market in August, it’s the perfect time for buyers and sellers to act.”

Average asking price August 2025 realestate.co.nz


💰 Gisborne Breaks Into the $800K Club

The national average asking price remained steady at $862,652, up 1.7% year-on-year.

But Gisborne stole the spotlight:

  • 23.2% increase year-on-year

  • Average asking price $815,203 – entering the $800K bracket for the first time in 18 years

Other regions showing both month-on-month and year-on-year price growth included:
✅ Bay of Plenty
✅ Coromandel
✅ Gisborne
✅ Manawatu/Whanganui
✅ Northland
✅ Taranaki

In contrast, Otago slipped below $600K for the first time since December 2024.


📉 OCR Cuts Fuel Market Activity

Just a year ago, the OCR was 5.25%, keeping borrowing costs painfully high. Today, with the OCR slashed to 3.0%, buyers are back with confidence, and homeowners are breathing easier.

Wood explains:

“Lower rates are creating a real window of opportunity. Steady prices and more listings mean conditions are primed for action.”

Stock August 2025 realestate.co.nz


🏘️ 30,000 Homes on the Market – Regional Shifts Stand Out

Total stock in August 2025 sat at 30,430 properties – a small 1.4% increase year-on-year.

Regional breakdown:

  • West Coast: +17.0% (266 → 311)

  • Gisborne: +15.9%

  • Southland: -20.9% (512 → 405)

📊 While stock is steady nationwide, 10 regions saw declines, showing how localised movements define the market.


🚀 The Bottom Line

With OCR cuts, stable prices, more listings, and strong regional growth, New Zealand’s housing market is heading into spring with renewed momentum.

🔑 Buyers now enjoy greater choice, while sellers can list with confidence – all signs pointing to a busy season ahead.

New listings August 2025 realestate.co.nz

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