June 2025 Market Update

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

We achieved 72 again in June, I guess it's consistent but still relatively low, I believe over the 2-year period depicted we can see a gradual overall improvement certainly in the last 18 months, there will always be monthly ups and downs, that is normal.

The graph below shows us where our monthly sales above came from, the $500,000 to $600,00 price range was certainly where the action was this month but the high $700,000 had a good showing too.

As can occasionally happen there is a small discrepancy in this month's numbers, the graph above shows 72 sales in June, but you may notice the graph below totals only 71 sales, I have been unable to find where that discrepancy has come from but is so small it doesn't really have much of an impact :)

As promised last month I have added a trend line to the graph below to help us more clearly see what is happening, the median monthly sale price from June 23 to June 25, as shown below is $625,000 which we are very close to this month, so in conclusion overall sale prices have been stable for the last couple of years, with obvious monthly ups and downs which is normal.

A question I am often asked is how long properties are taking to sell at the moment, well although the median rose slightly last month to 53 days, we can easily see the trend is a downward one which is great.