Property Listings Surge: Regional Average Hits $1.6M
- The new Zealand property market is demonstrating renewed confidence,evidenced by a nationwide increase in listings and record-breaking average asking prices in several regions.Data from realestate.co.nz indicates a positive...
- Central Otago/Lakes District has become the first region in New Zealand to surpass an average asking price of $1.6 million.
- Nationally, new listings increased by 5.5% in October 2025 compared to the same month in 2024.A total of 12,209 houses were listed for sale, marking the highest number...
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New Zealand Property Market Shows Renewed Confidence with Record Prices and Increased Listings
Table of Contents
Updated November 3,2025,at 15:53:08 NZDT
Overview
The new Zealand property market is demonstrating renewed confidence,evidenced by a nationwide increase in listings and record-breaking average asking prices in several regions.Data from realestate.co.nz indicates a positive shift after a period of market correction.
Record-Breaking Prices in Central Otago/lakes District
Central Otago/Lakes District has become the first region in New Zealand to surpass an average asking price of $1.6 million. In October 2025, the average asking price reached $1.65 million, representing an 18.9% increase compared to October 2024.realestate.co.nz data confirms this milestone, solidifying the region’s position as New Zealand’s most expensive housing market.
| Region | Average Asking Price (October 2025) | Year-on-Year Change |
|---|---|---|
| central Otago/Lakes District | $1,650,000 | +18.9% |
| Auckland | $1,300,000 (estimated) | +5.0% (estimated) |
| Canterbury | $850,000 (estimated) | +3.0% (estimated) |
Increase in New Listings
Nationally, new listings increased by 5.5% in October 2025 compared to the same month in 2024.A total of 12,209 houses were listed for sale, marking the highest number for an October since 2018. realestate.co.nz attributes this increase to a combination of factors, including increased vendor confidence and seasonal trends.
National Average asking Prices
While average national asking prices remain relatively stable, the increase in listings suggests a potential shift in market dynamics. further analysis is needed to determine if this trend will translate into sustained price growth. The national average asking price in October 2025 was reported as $935,000, a slight increase of 1.2% compared to October 2024.