{"id":561693,"date":"2026-08-07T10:30:27","date_gmt":"2026-08-07T10:30:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/561693\/"},"modified":"2026-08-07T10:30:27","modified_gmt":"2026-08-07T10:30:27","slug":"housing-markets-mid-winter-stock-levels-at-12-year-high","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/561693\/","title":{"rendered":"Housing market’s mid-winter stock levels at 12-year high"},"content":{"rendered":"

The number of residential properties available for sale on Realestate.co.nz reached a 12-year high for the time of year in July.<\/p>\n

The property website had 33,252 residential properties available for sale at the end of July, up 9.3% compared to July last year.<\/p>\n

That stock increase occurred even though the 7698 new listings in July was virtually unchanged (-0.5%) from the 7737 it received in July last year.<\/p>\n

Total stock for sale on the website has steadily declined from its summer peak of 37,638 at the end of March to 33,252 at the end of July, (-11.%) although it’s normal for stock levels to decline over winter.<\/p>\n

However, the total amount of stock available for sale at the end of last month was the highest it has been for the month of July since 2014, putting it at a 12-year high for the time of year.<\/p>\n

July’s high stock level is particularly significant because the number of properties for sale usually starts to increase around August in anticipation of the spring\/summer season when the market is more active.<\/p>\n

If the market follows its usual trend, that spring uplift will be starting from already elevated stock levels this year.<\/p>\n

The high number of properties for sale, combined with rising mortgage interest rates and a sluggish economy, has created a buyer’s market and kept a lid on prices over autumn\/winter, so these latest figures suggest that situation could continue into spring.<\/p>\n

Reflecting higher stock levels, prices have been in decline this year, with the average asking price on Realestate.co.nz declining for five consecutive months, from $898,677 in February to $828,345 in July, a drop of $70,322 (-7.8%) over that period.<\/p>\n

This suggests vendors will need to have realistic price expectations based on current market conditions in order to achieve a sale.<\/p>\n

“Buyers have more choice than they did a year ago, yet they are still willing to act when a property is priced for today’s market,” Realestate.co.nz General Manager Customers Vanessa Williams said.<\/p>\n

“The vendors getting the best results are the ones who have a well-marketed property that’s priced to the current market conditions, rather than holding out for 2021 prices,” she said.<\/p>\n

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