{"id":528409,"date":"2026-07-16T04:31:19","date_gmt":"2026-07-16T04:31:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/528409\/"},"modified":"2026-07-16T04:31:19","modified_gmt":"2026-07-16T04:31:19","slug":"average-asking-prices-on-trade-me-property-down-by-more-than-60000-from-their-summer-peak","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/528409\/","title":{"rendered":"Average asking prices on Trade Me property down by more than $60,000 from their summer peak"},"content":{"rendered":"

The average asking price of residential properties advertised for sale on Trade Me Property has declined by more than $60,000 over winter, while the average asking price in Auckland has declined by more than $100,000.<\/p>\n

The average asking price of properties on the website hit its summer peak of $883,800 in February but then declined steadily to $823,300 in June, a drop of $60,500 (-6.8%).<\/p>\n

In Auckland, the country’s largest housing market, the average asking price declined from $1,096,000 to $992,700 over the same period, a decline of $103,300 (-9.4%) since February.<\/p>\n

June was the first time that Auckland’s average asking price has dropped below $1 million since the holiday-affected month of January.<\/p>\n

In other main centre regions, the average asking price decline since February was -$54,250 in Waikato, -$42,450 in Bay of Plenty, -$81,750 in Wellington Region, -$14,100 in Canterbury and -$89,600 in Otago.<\/p>\n

However, the biggest asking price decline between February and June was in the country’s second smallest real estate market, with West Coast recording a drop of $104,200 (-20.8%) over that period.<\/p>\n

Gisborne, the country’s second smallest market, recorded an asking price decline of $72,600 (-10.6%).<\/p>\n

The number of properties available for sale also declined, with total listings on the website dropping by about 5% between February and June.<\/p>\n

Trade Me Property Customer Director Gavin Lloyd said the numbers were predictable for the time of year.<\/p>\n

“It’s fairly typical for the property market to shift down a gear or two as the temperature drops,” he said.<\/p>\n

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