Holidays Add To Market Slow-Down in April, But Green Shoots Begin To Emerge

Today, REINZ has released its Monthly Property Report and HPI Monthly Data which provides a market-leading level of detail and understanding of housing activity in New Zealand. Across New Zealand, the median price for residential property (excluding sections) decreased 10.9% annually to $780,000 in April 2023.

REINZ Chief Executive Jen Baird says April tends to be slow due to public and school holidays, and it’s clear those factors combined with a tight economy are still influencing the market.

“Overall, median prices have decreased across New Zealand but are moderating, sales counts have eased annually, and inventory levels have stabilised,” adds Baird. Read more.

The full data sets are available by clicking the links below.

CLICK HERE for the April press release

CLICK HERE for the full property report

CLICK HERE for the HPI report

CLICK HERE to view other reports on our website.

The number one advantage between REINZ data and other housing data on the market is that REINZ has access to sales data from the time the price is locked in (unconditional data) as opposed to when the house changes hands (settlement date) which can often be weeks or months later. Therefore, REINZ data is the best and most timely measure of recent housing market activity.

ENDS

For media commentary please contact communications@reinz.co.nz. 

Should you have any other queries regarding this information, please don't hesitate to contact the REINZ membership team at 0800 473 469.

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