What’s happening at Woodward Chrisp
Published 17 June 2025
The Real Estate Institute of New Zealand’s latest figures show a moderately more active property market as we head into winter. While sales numbers are up compared to last year, national median prices have dipped slightly, and new listings have slowed.
Key highlights:
Median price down 0.9% year-on-year, now at $763,000 nationwide
Sales volumes up 8.9% compared to May last year
Interest rates remain stable, encouraging more buyers back into the market
Buyers are taking more time to commit, with median days to sell increasing to 47 days
Locally, Gisborne listings were up 23.3% from this time last year – a positive sign of confidence returning.
Overall, while confidence is cautious, activity is picking up, and buyers are feeling they have more time and choice in their property decisions.
