18/05/2026
REINZ STATS
Within Wellington, the median price softened by 0.9% to $765,000, while inventory expanded significantly, now sitting at 19 weeks – one of the largest year-on-year increases in unsold stock nationally. This growth in supply is particularly relevant for Wairarapa vendors, as it highlights increasing competition and reinforces the importance of strategic positioning when entering the market.
Closer to home, performance in Wairarapa has been mixed. Masterton has shown resilience, with its median price rising 4.5% year-on-year to $585,000, while Carterton and South Wairarapa experienced notable corrections, down 32.4% to $500,000 and 18.3% to $515,000 respectively. Sales volumes remain steady to improved in Carterton (+7.1%) and South Wairarapa (+10.0%), suggesting underlying buyer engagement remains intact despite pricing adjustments.
Read the April 2026 New Zealand Property Report: https://www.reinz.co.nz/libraryviewer?ResourceID=828