16/06/2026
May's REINZ results point to a housing market that is steady but cautious. While sales activity softened compared to the same time last year, property values showed encouraging resilience, with the national median sale price increasing 1.3% year-on-year to $775,000.
The Reserve Bank's decision to hold the Official Cash Rate at 2.25% signals the end of the rate-cutting cycle that supported market activity throughout 2025. Combined with ongoing cost-of-living pressures and growing focus on the upcoming election, buyers continue to take a measured approach with days to sell remaining steady at 47 days nationally.
Across our Central North Island markets, buyers remain engaged but selective. Well-presented, appropriately priced properties continue to attract attention, reinforcing the importance of strong advice and close buyer management. While transaction volumes remain below last year's levels, property values continue to hold firm, providing an encouraging sign of market stability.
