PROPERTY MARKET UPDATE APRIL 2025 BASED ON RESULTS FOR MARCH 2025
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NORTHLAND in a SNAPSHOT: Volume UP + 9.9% on 2024 and UP on last month + 4.7% with median price DOWN – 0.7% on 2024 and DOWN – 4.1% on last month, days to sell sitting at 59 days.
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March 2025 was another good month with more encouraging signs that our market is doing okay. We still had patchy attendance at Open Homes, which depended mostly on the property type.
Once again First Home Buyers were the most active group followed by second home buyers and people moving to Whangarei. With the further reduction in interest rates continuing to encourage buyers, our market is performing well although we still have a shortage of buyers in our high end with properties north of $1m. While our medium price is down -0.7% on last year this will be influenced by the higher-than-normal activity of First Home Buyers in the lower 1/3 price range of our properties.
If you are thinking of Selling, we would love to work with you to get the best result, so call us now for a FREE Property Appraisal and we’ll discuss this with you.
For overall Price Movement – See the 5 year price graph below which highlights pricing movement
NATIONAL OVERVIEW: (by REINZ)
March figures reveal promising trends in the national property market. Continuing the momentum from last month, year-on-year sales are rising across the country.
“As we transition into the cooler months, the market remains vibrant rather than stagnant. There have been reports of increased attendance at open homes and auctions. Even in cases where properties don’t sell at auction, there’s plenty of post-auction interest, indicating a resilient and engaged buyer community,” says Acting Chief Executive Rowan Dixon.
NATIONAL MARKET KEY INDICATORS:
NORTHLAND OVERVIEW: (by REINZ)
“Owner-occupiers and first-home buyers were the most active in the market, with good enquiry levels from investors in Whangarei.
Most vendors were realistic regarding their price expectations, but some buyers and sellers still harboured optimism and false expectations. Good numbers through new listing open homes, while buyers in Kerikeri opt for private appointments. Auction room attendee levels improve week by week, with few instances of post-auction negotiations.
Market sentiment has shifted as the market appears steady, and buyers were eager to engage and motivated. Local salespeople in Whangarei report large pools of conditional buyers seeking problem-free properties, making it easier to obtain finance and insurance. They also predict Northland will follow suit once Auckland’s property market picks up. However, they state there won’t be any price shift, as increased choice equals less pressure on buyers.” Says Rowan Dixon REINZ CEO
Good Property Marketing is helping us to find the best buyers for our properties, ensuring that our vendors get the best result. Call us as we would love to help you get the best result for your property.
5 YEAR MEDIUM PRICE MOVEMENT FOR NORTHLAND TO MARCH 2025
If you want to sell your property, please give us a call as now is a good time to be talking and looking at the best method of taking your property to the market.
Please call us 021 820 015 to discuss your property needs further.
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