January 2025 Market Update

The Real Estate Institute of New Zealand (REINZ) has released the January 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.

With 42 sales recorded for January 2025 it is hard to promote that number as anything but very low but clearly looking over the past 2 years January is often a slow month, this maybe because lawyers don't return to work until around 16 January so no homes can settle until then, but a counter argument would be that properties that would normally of settled in December after the 24th are pushed to around the 16th of January, so it may be reasonable to expect a bit of a spike in January, clearly not the case for the last few years.

The graph below shows which price ranges the 42 sales recorded for January came from, hopefully next month's graph will be fuller.

A bit of a drop in median sale for January, as we can see the median sale price does bounce about quite a lot month to month, little overall change over the last couple of years really.

Of course, the median to sell fluctuates each month but the trend line does appear to be on a slight overall downward slope, we will take that as a win :)