Confidence returns to the market
Treena Drinnan Chief Agency Officer Ray White New Zealand
As we reflect on the March 2025 property landscape, the data paints a clear picture of a market gaining momentum, driven by growing vendor confidence and strong buyer engagement.
Ray White recorded 2,530 live listings across our channels in March 2025, up from 2,324 the previous year, an 8.86 per cent increase year-on-year. The broader market saw 7,078 new properties listed for sale, compared to 5,821 in March 2024, a significant 21.59 per cent rise, signalling a notable uplift in vendor activity.
This confidence is also translating into buyer behaviour. Ray White recorded 5,416,314 online users in March 2025, up 4.09 per cent from the same month last year, and online enquiries grew to 44,282, a 7.7 per cent increase year-onyear. These figures reflect sustained engagement from both buyers and sellers across the country.
Loan Market also reported a marked increase in preapprovals, reinforcing the growing intent among buyers to transact.
Adding further momentum, the Reserve Bank of New Zealand has just announced a 25 basis point cut to the Official Cash Rate( OCR), bringing it down to 3.50 per cent. With inflation now sitting comfortably within the target band, the move is designed to support continued economic stability and stimulate further market activity. Lower borrowing costs are expected to provide an additional boost to both buyer confidence and affordability.
As we head further into 2025, these indicators suggest a market that is not only active but also well-positioned for continued growth and opportunity.
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