New Zealand Property Market Tracker

January 2026 Sales Activity

The 2026 property market opened at a steady pace, influenced by the usual January slowdown, holiday patterns, and unsettled weather across parts of the country. Despite softer transaction volumes, prices remained steady, reinforcing signs that confidence is slowly rebuilding rather than accelerating quickly. National median prices edged up 0.4% year-on-year to $753,106, while sales volumes eased 5.4% compared to January 2025.

What moved the market this month:

- Median price $753,106: up 0.4% year-on-year, steady despite seasonal slowdown
- New listings increased by 1.3% to 9,019 nationally
- Confidence building gradually: southern regions showing sustained price growth and resilient demand

Real estate by the numbers

January's year-on-year REINZ figures, published February 2026.

3,837

Sales Count | ↓ 5.4%

$753,106

Median House Price | ↑ 0.4%

Days to sell | ↑ 15 days

Lizzy Ryley, REINZ Chief Executive

"Over the coming months, the housing market is expected to continue progressing gradually, with confidence rising ahead of any increase in transaction activity. While conditions are likely to remain cautious, the outlook suggests momentum building steadily."