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Sell with usMarch's housing market reflected a resilient but increasingly cautious environment, as buyers continued to transact through the onset of the Iran conflict and petrol prices climbing. The national median price eased slightly to $788,000, while sales remained essentially flat year-on-year. Eleven of sixteen regions recorded price increases, with South Island markets standing out; Otago hit a record high HPI and Canterbury sits just a fraction below its own peak.
What moved the market this month:
March's year-on-year REINZ figures, published April 2026.
Sales Count | ↑ 15.8%
Median House Price | ↓ 0.9%
Days to sell | ↓ 15 days
"March shows a housing market holding its nerve. Despite rising fuel costs and global uncertainty, buyers didn’t step away, but they are becoming more cautious and taking longer to make decisions."