18/06/2026
The May REINZ figures reinforce the challenging conditions facing the Wellington market, a trend further sharpened by the dynamics of an election year.
The region again presents a mixed picture: the overall median price declined, and May recorded the lowest sales volume since 2022. Even so, five of the eight territorial authorities posted annual price increases. Wellington City’s median rose to $858,000, with 230 homes sold - an uplift in monthly activity. Kapiti Coast also strengthened, reaching $829,000. Lower Hutt edged up to $675,000, while Upper Hutt softened slightly and Porirua remained stable. Across the region, the median Days to Sell now sits at 53, notably above the 10‑year May average of 44 days.
If you’d like clarity on how these trends may influence your next move, our local team is here to help.
