April 2025 Market Update

The Real Estate Institute of New Zealand (REINZ) has released the April 2025 figures. To better understand the state of the market and where it might be heading, I created some simple graphs. Personally, I find it much easier to scan a graph to see not just how the numbers have changed since last month but also to identify any longer-term trends. It’s far more helpful for me than trying to make sense of numbers scribbled on a piece of paper. Hopefully, these visuals will be useful to you too.

The number of sales each month is slowly climbing, certainly compared to a couple of years ago, still a strong market really demands a100+ sales per month we are not there just yet, I would describe our current market as a balanced market, neither a buyer nor a sellers' market. What the near future has in store is really crystal ball stuff, trade wars etc etc etc, how will we be affected, who knows, I will offer a caveat during lock down most clever economists suggested our homes would lose 15%, what actually happened was a huge boom with property prices turbo charged.

The graph below shows which price ranges the 86 sales recorded for April came from.

The graph below depicting our median sale prices in Rotorua over the last 2 years shows quite a increase from last month but again ups and downs on a monthly basis are normal, it is as always much more useful to look at any trend over a longer period, as I mentioned last month the trend line would appear to be fairly flat for the last couple of years, unfortunately property values haven't increased but they haven't dropped either. Again a balance market.

Perhaps the most common question I am asked would be how long they are taking to sell at the moment? Well yet again we are ticking downwards this month which is great.