Price expectations align
Sellers across New Zealand shaved a collective $ 82 million from asking prices in Q2 2025 – a lift of almost $ 20 million on Q1, but still shy of the deep discounting seen a year earlier.
In total, 2,040 listings recorded price cuts, up 21 per cent on Q1, according to realestate. co. nz.
On average, sellers pared back about $ 40,000 per listing, with the largest total reductions occurring in the premium markets: Auckland led at $ 20.50 million in collective cuts, followed by Waikato(- $ 9.40 million and Wellington(- $ 8.20 million).
By contrast, smaller regions like the West Coast(- $ 248,000), Gisborne(- $ 270,000), and Wairarapa(- $ 1.03 million) saw more restrained adjustments.
Realestate. co. nz spokesperson Vanessa Williams says the numbers highlight the leverage buyers currently hold.
“ Cuts aren’ t as deep as they were in 2024, but sellers are clearly making bigger moves to meet buyers and get deals across the line. This tells us that buyers are in a strong position and many sellers are more willing to negotiate.”
The message for homeowners is that pricing strategy matters more than ever. While the market remains flat, well-positioned properties are still attracting competition and securing results.
For buyers, the environment is equally instructive: stronger negotiating power, more flexibility from sellers, and a wide pool of listings to choose from all point to opportunity.
RAY WHITE NOW NEW ZEALAND | 26