18/09/2026
The median price for the Bay of Plenty decreased by 4.4% year-on-year to $765,000.
“All types of buyers were active in August. Investor and developer activity remained subdued, with some holding back ahead of the general election.
Vendor price expectations were generally aligned with market conditions, although some who purchased during a different market cycle continued to hold higher expectations. Open home attendance varied, with good numbers in some areas, while a shortage of new listings - which typically attract stronger initial interest - limited attendance elsewhere. Auction attendance and clearance rates remained steady.
Market sentiment remained cautious, with some taking a ‘wait-and-see’ approach, although activity continued, with purchasers and vendors willing to transact when the right property was well priced.
Local salespeople anticipate steady conditions over the next few months and are cautiously optimistic about activity heading towards the end of the year.”
- REINZ
