Buyers Gain Advantage in Growing Housing Market

Picture of PropertySage

PropertySage

TRUSTED PROPERTY MANAGEMENT

The housing market is looking better for buyers this year, with more listings and falling prices. In January, there were about 39,000 homes available, a 17% increase from last year, while the average asking price dropped to $842,900. This trend suggests that buyers have more options and lower prices as we enter the busiest season for real estate.

Share Post:

The housing market is expected to be even better for buyers this year. There are many new listings on Trade Me Property, and prices are going down. In January, there were about 39,000 homes listed, which is 17% more than last January. This is the highest number of listings for January in five years.


Gavin Lloyd, the Customer Director at Trade Me Property, said, “Many sellers are back from their break and ready to sell in 2025. This is good news for buyers because they now have more options.”
The biggest increase in homes for sale was in the Wellington area, where listings were up 28% from last January. Canterbury saw a 23% increase, and Auckland had a 17% increase. However, while there were more homes available in January, the prices were going down. The average asking price nationwide was $842,900, which is a 0.8% decrease from December.


In Auckland, prices also dropped by 0.8%. The biggest price drop was in Otago, where prices fell by 2.9%.
With more homes for sale and lower prices, the market is still very much in favor of buyers, especially as we head into the busiest time for buying and selling homes.

Source from interest.co.nz: https://www.interest.co.nz/property/131937/listings-trade-me-property-five-year-high-january-while-asking-prices-were-decline

The opinions and research contained in this article are provided for information purposes only, are intended to be general in nature, and do not take into account your financial situation or goals.

Stay Connected

More News & Blog

Navigating the Shifting Tides: OCR Drop & What it Means for 2026

The Reserve Bank significantly cut the Official Cash Rate (OCR) to 2.25%, making home loans cheaper, reflecting an economy with spare capacity despite early recovery signs. While the interest rate cycle appears to have bottomed out, the bank notes persistent upside risks to inflation and anticipates only mild house price increases in 2026. Given these uncertainties and projected economic growth, Tony Alexander suggests considering fixing mortgage rates for 3-5 years or splitting terms to manage risk.

November 30, 2025

OCR Cut: What Does it Mean for Consumer Spending, Businesses, and the Property Market?

The recent OCR cut has led to a marginally more positive economic outlook, with consumer spending intentions improving and businesses showing cautious optimism about future revenues. However, actual boosts in spending and hiring are likely to remain constrained by a weak labor market and employment insecurity. For the housing market, while prices have stabilized and are showing slight increases, a strong, immediate boom is not anticipated due to ongoing labor market challenges and investor-related restraints.

October 18, 2025

New Zealand Property Market Update: What You Need to Know -September 2025

The current softer property market, with national values down, presents opportunities for both investors and first-home buyers. For investors, it’s a chance to acquire properties at more favorable prices, benefiting from lower mortgage rates without aggressive bidding. First-home buyers can also take advantage of increased affordability and less competition, with modest value increases anticipated from 2026.

September 4, 2025