Spring activity lifts prices, sales and listings
Atom Go Tian Senior Data Analyst Ray White Group
New Zealand’ s housing market continues to gain momentum, with September 2025 data showing activity driven primarily by familiar seasonal patterns, rather than structural shifts.
The September median house price of $ 770,000 represents a 1.30 per cent increase from August- a month-on-month lift expected to continue through October and November.
Long-run house trends show that values typically peak during two key times of the year: firstly in March when the year really resumes, and during the‘-ber’ months in anticipation of the holiday shutdown period.
In 2023, prices jumped 3.70 per cent from the winter low of $ 770,000 to the spring peak of $ 799,000.
The 2024 movement was more pronounced, with prices climbing from $ 754,000 to $ 795,000.
This year’ s growth appears more conservative, on track to remain within the $ 750,000 to $ 800,000 range that has characterised the market’ s post-pandemic stable recovery.
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