Latest data shows that confidence has sprung back into New Zealand’s property market with a surge in new listings, a rise in stock levels, and an increase in average asking prices in some regions.
New listings were up 5.5% nationally on October last year, with increases seen in 15 of our 19 regions. The 12,209 new listings recorded were the highest for October since 2018 , an indication that sellers are feeling more confident about putting their homes on the market, according to data released by realestate.co.nz today.
Average asking prices, although stable nationally at $862,563 (a 1.1% year-on-year increase), increased notably in some regions. Gisborne recorded a 28.7% increase in average asking price compared to October last year, while the 18.9% year -on-year increase recorded by Central Otago/Lakes District means the region now commands an average asking price of more than $1.6million.
Waikato showed an increase of 1.1% with the average asking price in October at $797,688.
Gisborne and Coromandel were the stand out regions contributing to the surge in new listings in Oct. 2025, reporting a year-on-year increase of 22.8% and 20.6%, respectively. However, not all regions followed an upward trajectory. The West Coast saw the biggest decline with new listings down 16.7% from a year ago.
Bucking the trend, however, was Central Otago/Lakes District which recorded a new all-time high average property price of $1.65 million in October, making it the first region in New Zealand to cross the $1.6 million average mark.
At 33,588, stock was up 3.9% on October 2024. Year-on-year, eight of 19 regions reported growth in stock levels. Auckland had the greatest increase, up 10.6% compared to October last year, followed by Wellington and West Coast, both up 8.9% year-on-year
The largest decreases in stock last month were in Southland (down 11.8%), Otago (down 7.3%), and Manawatu/Whanganui (down 5.5%). Central Otago/Lakes District also recorded a year-on-year decline in stock of 5.5%.
