The December statistics from the Real Estate Institute of New Zealand have now been released. Jen Baird, REINZ CEO, commented “December is usually a quiet month for the housing market. For New Zealand, sales count was down 27.4% compared to November 2024 and up 1.8% compared to last year. When we adjust the figures for seasonal effects, we see that both percentage movements are notably less than expected, confirming that December 2024 was a particularly quiet month for residential dwelling sales in New Zealand.”

In the Bay of Plenty, owner-occupiers and first home buyers were the most active buyer groups. There were 410 sales reported for the region, a 7.9% increase year-on-year.

Read the full BOP Market Update report for more information.

In Waikato region, owner-occupiers, holiday home purchasers, first home buyers and investors were all active across the region. There were 590 sales reported for December, a 15.9% increase on the year prior.

Read the full Waikato Market Update report for more information.

In Northland, there were 174 sales recorded for the region. Whangarei district and 125 sales, with a median sale price of $705,000.