🏘️ Auckland & North Shore Property Market Update – October 2025

The Spring Reset: Confidence Returns Across Auckland

Confidence is returning to the Auckland property market as spring progresses. While prices aren’t rising rapidly, both buyer interest and listing activity are on the up. Lifestyle suburbs, especially on the North Shore, are performing strongly, with serious buyers re-entering the market. The mood is cautious but positive — a far cry from the volatility of recent years.

Auckland-Wide Market Snapshot

📊 REINZ Numbers – Auckland Region (October 2025)

Auckland’s median price crossing the $1 million threshold again is a signal of improving market health. The strong month-on-month growth in sales suggests buyers are feeling more confident heading into summer. However, the HPI figures show that not all segments are appreciating evenly. This is a market where quality and location matter more than ever.

• Median Sale Price: $1,033,000 Year-on-Year: +3.6% | Month-on-Month: +5.9%

• House Price Index: 3,346Year-on-Year: –0.3% | Month-on-Month: –0.3%

• Median Days to Sell: 42 days (up 1 day YoY)

• Sales Volume: 2,305 homesYear-on-Year: +0.7% | Month-on-Month: +12.9%

The Barfoot & Thompson numbers

Barfoot & Thompson sells about 1 in 3 properties in Auckland - it's fair to say we've got our finger on the pulse of the market!

While average sale prices have dipped slightly, the rise in median price suggests that mid-range properties are selling well. The increase in new listings reflects the seasonal spring lift, and with inventory growing, buyers have more choice. That said, fewer sales this month may indicate a shift in negotiating power — buyers are active, but selective. Here are the Barfoot & Thompson numbers for October:

• Median Sale Price: $950,000 Year-on-Year: –0.5% | Month-on-Month: +2.2%

• Average Sale Price: $1,079,030 Year-on-Year: –4.5% | Month-on-Month: –1.0%

• Sales Volume: 930 properties Year-on-Year: –4.0% | Month-on-Month: –9.9%

• New Listings: 2,167 Year-on-Year: –8.2% | Month-on-Month: +21.7%

• Month-End Stock: 6,024Year-on-Year: +7.4% | Month-on-Month: +4.3%

  
  

House Price Index Insight

• Auckland HPI: 3,346 Year-on-Year: –0.3% | Month-on-Month: –0.3%

• National HPI: 3,627 Year-on-Year: +0.3% | Month-on-Month: +0.3%

Auckland's HPI is down slightly, contrasting with moderate national growth. This suggests price trends in the city are stabilising rather than accelerating. For homeowners, it’s a sign the market is holding firm. For buyers, it’s a reminder that value still matters — and overpaying isn’t on the cards in most suburbs.

North Shore Market Performance

The North Shore continues to outperform. While the year-on-year median price is marginally lower, a 3.3% month-on-month lift shows clear momentum. With sales volumes up 20% and homes selling faster, this part of Auckland is experiencing stronger-than-average demand. The numbers point to a market that’s not just stable — it’s heating up.

October 2025 North Shore Data

• Median Sale Price: $1,215,000Year-on-Year: –0.41% | Month-on-Month: +3.32%

• 3-Month Average Price: $1,163,667

• Median Days to Sell: 40 days (down from 44 days YoY)

• Sales Volume: 396 homesYear-on-Year: +20.0%

How's the Market: Balanced but Building

Across Auckland, the market is entering a steady phase. Price growth remains modest, but activity is up, and buyer interest is genuine. For sellers, that means opportunity — but also the need to meet the market with realistic pricing and quality presentation.

The North Shore, in contrast, is setting the pace. With more homes selling, faster turnover, and a month-on-month price lift, it remains one of Auckland’s most competitive and desirable regions. Barring any economic shocks, this trend is likely to continue into the summer.

Interest Rates: The Official Cash Rate Trend

Where the rate stands: The Reserve Bank of New Zealand (RBNZ) reduced the Official Cash Rate (OCR) to 2.50% in October 2025.

How it got here: The OCR has fallen steadily over 2025 — down from 3.50% at the start of the year, with cuts totalling 100 basis points. The most recent drop was a 50-point cut in October.

What the forecasts say: Most major banks, including ANZ and Westpac, expect one more cut to 2.25% or even 2.00%. After that, rates are expected to hold steady through mid-year unless there are unexpected shifts in the economy.

Falling interest rates have improved mortgage affordability and eased financial pressure on households. However, economists caution that while lower rates help underpin demand, they aren’t expected to drive runaway price growth. This easing cycle is viewed as a stabiliser — not a catalyst for a boom — with outcomes still dependent on supply, affordability, and employment conditions. The presentation, location, and quality of property is more important than ever as the determinant to a good price.

Thinking of Moving? Let’s Talk

With confidence returning and competition picking up — especially on the North Shore — now is a smart time to understand where your property stands. Whether you’re upgrading, downsizing, or simply exploring your options, we can provide you with a clear, data-backed appraisal and advice tailored to your goals.

Get An Appraisal

View Current Listings

Email Nish & Charlotte

Nish & Charlotte are your preferred professionals on the North Shore - living and working in the Bays, we know the beautiful Shore and what makes it click. Contact us today, and let's make home dreams happen!