Source: REINZ, Ray White Economics
Source: REINZ, Ray White Economics
The same seasonal‘-ber’ month growth extends to listings and sales.
The 12-month rolling count of listings increased 15.90 per cent from 8,181 in August to 9,482 in September. While substantial in isolation, this mirrors 2024’ s seasonal trends.
Listings will likely continue rising through October before slowing in November.
Sales showed more conservative growth. The 12-month rolling count increased 2.50 per cent from 6,191 in August to 6,346 in September. What stands out is how 2025 sales have consistently outperformed both 2024 and 2023 levels throughout the year.
The sales-to-listings ratio provides further evidence of market maturation.
Rising from a low of 60 per cent to 71 per cent, this suggests the market has moved beyond the post-correction phase where excess inventory sat unsold. Properties are now clearing at a healthier rate, pointing to better price discovery and more realistic vendor expectations meeting genuine buyer demand.
RAY WHITE NOW NEW ZEALAND | 13