NZ Housing 2025 Sees Signs of Recovery and Surprising Regional Winners

Auckland Housing Market 2025: A Cautious Recovery with Regional Variations

Auckland's housing market is showing signs of stabilizing in 2025. While prices remain below their post-Covid peak, momentum is slowly returning—though not evenly across the country.

Market Stability and Modest Growth

Nationally, home prices are expected to rise by around 3.8% in 2025, according to a recent Reuters poll, driven by interest rate cuts and improving market confidence Reuters. Meanwhile, Auckland continues to lag behind, with the regional median house price dropping 3.4% year-on-year to about $990,000 RNZGlobal Property Guide.

A Surge in Sales, Especially in March

Despite lingering price softness, March 2025 brought a surge in activity. Sales hit 1,213 properties, the highest total since July 2021. Median prices rose to $970,000, while average prices climbed to $1,145,045 — both the highest levels seen so far this year Sell With Ryder.

However, by June, the picture softened slightly. The Regional median remained $990,000, signaling continued buyer caution RNZ.

Regional Divergence: Opportunity Beyond Auckland

While Auckland grapples with a modest decline, ten out of sixteen regions across New Zealand reported price increases. The West Coast led the charge with an eye-catching 35.5% jump, and Southland hit a new record median of $502,500 Global Property GuideAInvest.

What This Means for Buyers, Sellers, and Investors

For buyers in Auckland and the wider regions, the market’s cautious recovery may present windows of opportunity—especially in regions experiencing faster growth. For sellers, pricing accurately and timing listings with demand shifts is critical. And investors may find more upside in those growing regional pockets.