Confidence builds as the market finds its footing
TREENA DRINNAN CHIEF AGENT OFFICER RAY WHITE NEW ZEALAND
February has reinforced a shift that has been quietly underway for several months: New Zealand’ s property market is no longer searching for direction, it is beginning to move with intent.
The Reserve Bank of New Zealand( RBNZ) decision to hold the Official Cash Rate( OCR) at 2.25 per cent this month has provided welcome stability. After a period of rapid adjustment, borrowers and buyers now have clearer parameters around lending costs, allowing confidence to take hold without the distraction of constant policy change.
Across the Ray White network, that confidence is translating into activity.
ENGAGEMENT IS RISING, SUPPLY IS BECOMING MORE DISCIPLINE
In the 28 days to 22 February, properties listed for sale across the Ray White network rose 12.14 per cent year-on-year, reaching 6,490 listings. This lift reflects continued seller confidence, but importantly, it remains measured rather than excessive.
Our live listing count closed the period at 2,455, up 2.94 per cent year-onyear. While more homes are coming to market, stock levels are not accelerating faster than demand, a key distinction that supports price stability and competitive outcomes.
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