February 2025 Market Update

The Real Estate Institute of New Zealand (REINZ) has released the February 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 graph below shows a huge jump in sales from the very low number recorded in January 25, this was widely expected.

The graph below shows which price ranges the 42 sales recorded for January came from, it does appear the lower priced homes where quite busy, I believe this is a result of first home buyers coming back to the market encouraged by falling interest rates.

The graph below showing the Median sale price each month for the last 2 years does show an increase of 30k from last month which is always welcome, but still little change over the last couple of years, ups and downs but quite a level trend line it appears.

Perhaps the most common question I am asked would be how long they are taking to sell at the moment? Well, it did increase a little to 70 days in February, always quite a volatile number bouncing around a little, I suggested last month we were in a downward trend,ummm on balance I think that can still be claimed, just.