What’s happening at Woodward Chrisp
Strong Sales Surge in Gisborne as Market Holds Steady Nationwide
Published 16 July 2025
The Real Estate Institute of New Zealand (REINZ) has released its June 2025 Monthly Property Report and House Price Index (HPI) Report, showing that while the national market remains stable overall, activity is picking up across several regions.
The national median house price held steady at $770,000 compared to June last year. However, regional variations continue to emerge—most notably on the West Coast, where the median rose by 35.5%, and Southland, which hit a new record high of $502,500.
Sales volumes increased markedly year-on-year, up 20.3% across the country and 21.4% outside of Auckland. Gisborne stood out with a 70% increase in sales, while the Bay of Plenty, Southland and Marlborough also saw strong growth.
Listings nationwide were down slightly (–2.5% YOY), yet overall inventory levels have increased, providing more choice for buyers. Despite this, the median time to sell has crept up to 50 days, indicating a cautious buyer market.
REINZ notes that while some vendors are adapting to market conditions with realistic pricing, others may be holding off until the traditionally busier spring and summer months.
The HPI Report shows a modest year-on-year increase of 0.3% nationally, with Canterbury, Taranaki, and Waikato leading growth.
For clients navigating property transactions in this evolving market, it’s a timely reminder of the importance of clear legal guidance. Our team is here to assist with all aspects of your conveyancing needs—whether you're buying, selling, or considering your next move.
If you have any questions or would like to discuss your plans, please feel free to get in touch.
