10/06/2026
📊Market Report
The Southern Lake residential median sale price for May 2026 was $525,000, increased by 14.1% on the $460,000 recorded in May 2025. The market continues to demonstrate measured stability, with 17 total transactions recorded across all categories — a moderation from the 24 sales recorded in the same period last year.
Across all categories the Southern Lake district recorded 17 sales in May 2026, comprising 15 residential, 0 rural, and 2 section transactions. Bayleys Turangi (Westerman Realty Limited) accounted for 6 of these sales, representing strong
continued representation in the local market.
Activity in May was concentrated in the $600-699k band (3 sales), with steady engagement also observed across the upper price ranges. The lifestyle and lakeside segments continued to attract enquiry from out-of-region purchasers seeking a Southern Lake Taupō base.
The median days on market for residential sales sat at 137 days, increased by 260.5% on the 38-day figure for the same period last year. Buyer enquiry remains positive heading into the cooler months, with vendors well-positioned to engage serious purchasers as winter listing activity increases.
