New Zealand’s property market is showing strong signs of recovery, with new data revealing activity has returned to levels last seen during the 2021 peak.
The latest figures show new listings climbed 7.3 percent year-on-year in April, reaching more than 9,100 properties, while buyer interest is also rising with enquiries up more than 14 percent.
Sales activity is also lifting, with nearly 7,900 properties sold in March, marking the highest monthly total since late 2021 and signalling renewed confidence across the market.
Despite the increased activity, prices have remained relatively stable, with the national average asking price sitting at just over $869,000. The market has held within a consistent range for several years, suggesting a more balanced environment for both buyers and sellers.
Regional trends show varied performance, with parts of the South Island leading price growth. Canterbury, Southland and the West Coast have all recorded new highs in average asking prices, while Marlborough was the only region to post a notable decline.
In Auckland, listings surged more than 23 percent compared to the same time last year, alongside gains in the Bay of Plenty and Otago, pointing to increased supply in key markets.
Analysts say the current conditions reflect a more sustainable phase for the housing market, with buyers having greater choice and sellers regaining confidence, without the urgency seen during previous boom periods.
The data suggests the market is stabilising after years of volatility, creating what some see as a window of opportunity for those ready to enter or move within the property market.
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