{"id":170151,"date":"2025-12-02T00:58:12","date_gmt":"2025-12-02T00:58:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/170151\/"},"modified":"2025-12-02T00:58:12","modified_gmt":"2025-12-02T00:58:12","slug":"housing-market-appears-likely-to-remain-a-buyers-market-over-summer-with-properties-for-sale-at-an-11-year-high","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/170151\/","title":{"rendered":"Housing market appears likely to remain a buyer’s market over summer with properties for sale at an 11 year high"},"content":{"rendered":"

The housing market appears to be at risk of remaining a buyer’s market over summer, with new listings and stock levels rising strongly while asking prices declined overall in November.<\/p>\n

Property website Realestate.co.nz received 12,339 new residential listings in November, which was up 10.9% compared to November last year and was also the highest number received in the month of November since the peak of the last boom in November 2021.<\/p>\n

That helped push the total stock of residential properties listed for sale on the website to 35,345 at the end of November, up 4.0% compared to a year earlier.<\/p>\n

That means the number of residential properties available for sale on Realestate.co.nz is at its highest levels for the time of year since 2014.<\/p>\n

However, asking prices headed in the opposite direction last month, with the average asking price on the website declining from $904,212 in October to $881,105 in November, a decline of $23,107 (-2.6%) for the month – (note: these figures are not seasonally adjusted).<\/p>\n

There were particularly large declines in average asking prices for the month in the upper North Island districts of Northland -$27,789, Coromandel -$144,286, Waikato -$27,745, Bay of Plenty -$52,947, Central North Island (mainly Taupo) -$45,913,\u00a0 Hawke’s Bay -$72,866 and also in the Central Otago\/Lakes District -$238,239.<\/p>\n

Realestate.co.nz’s latest report described the market as “wide open for buyers.”<\/p>\n

“Buyers appear to be holding back, waiting to see what happens next,” it said.<\/p>\n

“We know New Zealanders struggle with uncertainty and, after what has been a tough couple of years for many, buyers seem to be waiting for a perfect moment [to buy], that frankly, may never arrive,” Realestate.co.nz spokesperson Vanessa Williams said.<\/p>\n

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