18/09/2026
📈INSIGHTS | What's our local market doing?
For the month of August the median sale price in Te Kamo was $676,000 compared to $620,000 in August 2025 showing 9% increase year-on-year. The median price fluctuates month to month, which is common with low quantities of data when we break it down to a small geographic area. The median for the past 12 months is currently $716,000. For the broader Whangarei District the median price was $630,000, a small increase of 0.8% year on year.
The current number of sales is 10 in Te Kamo showing a decrease compared to 15 in August last year. Whangarei’s sales were also lower at 82 compared to 99 last year. Our median days to sell in Te Kamo was 51, reflecting a slower pace compared to 42 days in August 2025. Across the Whangarei District it took a little longer to sell at 63 days this year compared to 64 days the previous year.
As August signals the end of winter, the data represents a stable market. Rather than price movement, the change was in the pace of the market and the quantity. Sellers aligned with market conditions, although some adjusted their expectations during their sales campaign. Well presented properties attracted stronger interest and lower priced properties or renovation potential also drew good numbers at open homes.
Since these figures, the Reserve Bank raised the OCR to 2.75% as expected to balance inflation and the global economy. Interest rates are creeping upwards, yet the increase is modest and there won't be any severe shocks. We remain 'pretty neutral' amid a settled market that allows transactions to happen with less stress and market pressure. When selling and buying in sequence in this market you can do so with confidence.
I think it's fair to say we are all excited that spring is in the air and things are heating up. If you'd like to know your position in this market, reach out today
👉 www.olivetreeproperty.co.nz/contact/appraisal
📉Data provided by REINZ
