New listings jump 21.2% year-on-year

The sales market bounced back hard in January, after ending 2024 with the worst December for new listings in 17 years, according to realestate.co.nz.

A total of 32,412 properties were listed for sale in January, which was 10.0% higher than the month before and 18.9% higher than the year before.

Meanwhile, 8,904 new listings came onto the market – 86.8% more than December and 21.2% more than the previous January.

“The country seems to take a collective holiday during January, and over the past few years, sellers have appeared to do the same. This is the first time new listings have been around 9,000 in the month of January since 2015,” said realestate.co.nz CEO Sarah Wood.

Ms Wood said that with buyer interest quite high and more vendors deciding to list their properties, there were strong opportunities for both buyers and sellers.

“Lots of choice, combined with relative price stability, offers certainty for both buyers and sellers. And as interest rates decline, the market may become more appealing for those on the sidelines,” she said.

“When things will change is anyone’s guess. And right now, we still have high stock levels to cycle through, so it is unlikely that we will see a frantic rebound. But the market is cyclical, and eventually, we will see a shift.”

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