Market Reports
Volume of homes for sale on Trade Me Property continues building over autumn with price signals mixed.
There are further signs the housing market is heading into winter with a large oversupply of unsold homes.
Trade Me Property is the latest property website to report a surge in properties for sale, after rival website Realestate.co.nz reported a similar surge a week ago.
Trade Me Property said the number of properties listed for sale on the site hit a decade high in February, and continued to climb another 6% in March. That puts total stock up 12% compared to March last year.
Viewings on the website were also up, suggesting increased demand form buyers, although that was not a surprise because February and March are traditionally the busiest months of the year for residential real estate.
"We've seen a fairly persistent imbalance between supply and demand in more recent times, with more homes available than demand suppressing the big pricing gains we saw back in 2021," Trade Me Property Customer Director Gavin Lloyd said.
"While it's great to see demand momentum gaining, and we saw highs in March not seen since mid-2020, the current market still offers buyers a huge amount of choice,' he said.
On the pricing side, Trade Me Property's average asking price was $861,900 in March, up $10,000 (1.2%) compared to February, but down 2.6% compared to March last year.
Around the country, price trends in March were mixed, with Auckland, Hawke's Bay, Manawatu/Whanganui, Nelson/Tasman and Canterbury showing average asking price gains compared to February. Northland, Waikato, Bay of Plenty, Gisborne, Taranaki, Marlborough, West Coast, Otago and Southland showed declines, with no change in Wellington.
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
Poll: Are Kiwis allergic to “exuberance”? 🥝
In The Post’s opinion piece on the developments set to open across Aotearoa in 2026, John Coop suggests that, as a nation, we’re “allergic to exuberance.”
We want to know: Are we really allergic to showing our excitement?
Is it time to lean into a more optimistic view of the place we call home? As big projects take shape and new opportunities emerge, perhaps it’s worth asking whether a little more confidence (and enthusiasm!) could do us some good.
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41.5% Yes
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33.6% Maybe?
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24.9% No
Some Choice News!
Many New Zealand gardens aren’t seeing as many monarch butterflies fluttering around their swan plants and flower beds these days — the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, who’s made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
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