July 2025 Auckland Property Market Update - A market on the move

A Market on the Move

It's fantastic to see so much positive energy in the Auckland property market as we head towards spring. The market is truly holding its own against the winter chill, and we have some really encouraging news to share that's creating a great buzz for both buyers and sellers.

Recent reports from both REINZ and Barfoot & Thompson confirm that Auckland’s market is not only resilient but thriving. We're seeing sales volumes and prices stay strong, and it's clear that people are feeling confident and active. This positive momentum is getting an extra push from some fantastic news on the financial front.

REINZ Report: A Resilient Market

The latest REINZ report for July 2025 shows a market that is holding strong. While a small price dip occurred month-on-month, the median price is up a healthy 2.6% for the year, reaching a solid $975,000.

It's a great sign of the market's stability. The median number of days to sell remained steady at 48 days, which means buyers are still taking their time to find their perfect home. Lizzy Ryley, the REINZ Chief Executive, noted that the market is seeing its usual seasonal patterns, with active buyers and a tightening of listings.

Across the country, we’re seeing the market settle into a comfortable rhythm — like your favourite winter hoodie: not flashy, but reliable.

• NZ median price stayed flat at $770,000 – holding strong like a stubborn lid on a jar of pickles.

• Auckland’s median dipped a little to $990,000, down 3.4% YoY.

• Outside of Auckland? A modest rise to $691,500 – because some regions are clearly drinking the “growth smoothie.”

• The House Price Index (HPI) ticked up slightly 0.3% YoY, though it slipped back a touch from May.

🏠 Barfoot & Thompson’s Take: Sales Are Soaring

Barfoot & Thompson's July update paints an even more vibrant picture. They recorded their highest July sales total in four years, with 957 properties sold—a fantastic 9.2% increase from June! This proves that buyers are out there and ready to act. The market for high-end properties is also booming, with the most seven-figure sales since 2021. This shows a strong interest across all price brackets. As Peter Thompson, the company's Managing Director, put it, the market continues to offer "lots of opportunity for vendors and purchasers with realistic price expectations."

Interest Rates: More Savings on the Horizon

This market resilience comes at a perfect time, as the latest news on interest rates is a breath of fresh air! You may have seen the headlines—the Reserve Bank is signaling more good things to come, and our major banks have already jumped ahead. It's a huge win to see all five of our biggest lenders drop their key fixed mortgage rates, with the one-year special now at an enticing 4.79%. This creates a fantastic opportunity for those looking to buy or for existing homeowners due to refix their loans, potentially bringing significant savings and a welcome boost to household budgets. It’s a clear signal that the market is heading in a positive direction, with more homeowners and buyers set to benefit from a more favorable interest rate environment.

Ready for Spring? Get a Head Start!

Speaking of spring, if you've been thinking about what your property might be worth or are considering a move, now is the perfect time to get ahead of the curve. The market is buzzing, and with lower interest rates creating more buyer confidence, spring is shaping up to be an ideal time to sell.

If you're curious about your property’s value, don't wait! Let's get together for a no-obligation, complimentary property appraisal. It’s a great way to understand your options and prepare for a successful spring campaign.

Yes, Appraisal!