17/08/2026
Positive signs as we head towards spring 🌿🏡
The latest REINZ market commentary shows steady activity across the property market, with first-home buyers and owner-occupiers continuing to lead the way.
Open home attendance remains consistent, particularly for properties under $1.8 million, while vendor pricing is generally aligning well with current market conditions.
While broader economic and global factors continue to influence sentiment, there is a growing sense of opportunity as we approach spring. With visitor numbers increasing and greater certainty on the horizon, local agents see potential for buyer activity to strengthen in the months ahead.
For those considering a move, now is a great time to understand where your property sits in the current market and prepare for the spring selling season.
Thinking of selling, or simply curious about your property’s current value? I would be delighted to have a confidential, no-obligation conversation.
Market commentary sourced from REINZ.
Queenstown Real Estate
New Zealand Sotheby's International Realty - Team Penrose
Each Office is Independently Owned and Operated. Browns Real Estate Limited (licensed under the REAA 2008) MREINZ.