The November statistics from the Real Estate Institute of New Zealand have been released, showing the market has experienced a wave of confidence.

CEO Jen Baird commented “There’s been a shift in market sentiment nationwide in November. After a challenging year, recent data indicates promising signs of increased activity, which we hope will continue into 2025. This is a good time to make transactions, as prices remain stable, and interest rates decrease.”

Bay of Plenty

In the Bay of Plenty, first home buyers, owner-occupiers and investors were the most active buyer groups across the region. Attendance at open homes increased due to lower interest rates and the warmer season. Auction room attendance increased retrospectively, with many properties sold under the hammer.

Check out our BOP Market Update Report for more information.

Waikato

In Waikato, most vendors were realistic in terms of asking price. Auction attendance levels remained consistent throughout the month, and clearance rates increased as more properties were listed by auction.

Read the full Waikato Market Update Report for more information.

Whangarei

First home buyers and owner-occupiers were the most active buyer group in Northland, with a slight absence of investors in the market as first home buyers were purchasing lower-priced properties.

Read the full Whangarei Market Update Report for more information.