New Zealand Property Market Tracker

Sales climbed, listings surged, and prices gained ground in October. The latest REINZ data shows the spring market hitting its stride with national sales volumes up 6.4% year-on-year and a very strong 15.4% month-on-month lift. The national median price rose 1.7% from September to $786,000, its highest level since March 2025. Auckland broke back above the $1 million mark, and regional markets such as Northland, Waikato, Hawke’s Bay, Tasman, Canterbury and Otago all recorded rising values.

What moved the market this month:

• Median price $786,000: up 1.7% month-on-month, now at its highest level since March 2025 (though -1.1% year-on-year)
  
  

• Auctions back in force: 1,310 auction sales nationally, making up 17.5% of all sales, with Auckland auctions accounting for 29.2% of the region’s transactions.
  
  

• Queenstown Lakes at $1.59m: a new territorial record median price, up from $1,555,000 in August. 
  
  

• Nine of sixteen regions recorded year-on-year median price growth, highlighting broad-based resilience across the country.