January 2025
Auckland Housing Market Update
Auckland housing market opens new year cautiously; Increase in sales in under $1 million price segment
“January sales followed the usual trend of declining from December,” said Peter Thompson, Managing Director of Barfoot & Thompson. “The median price was $950,000, down 5%, and the average price was $1,053,446, down 11.2%, with 700 sales—16% lower than December but up 38.9% from January 2024.”
Sales of 700 homes marked the second consecutive year of January growth, a rare occurrence over the past nine years.
Buyers focused on the lower end of the market, with 56% of sales under $1 million, slightly above 2024’s monthly average of 51%.
High-end sales remained light, while new listings reached 1,361, bringing total listings to 5,383—the highest January total since 2021.
Rural and lifestyle sales slowed after December’s high but still exceeded January 2024 by 9.8%, with $42.6 million in sales.
Barfoot & Thompson continues to lead Auckland real estate, selling one in three homes.
December 2024
Auckland Housing Market Update
The Auckland housing market closed 2024 with solid results, despite economic challenges:
Median Price: $1M (up 3.4% from the last 3 months).
Average Price: $1,186,462 (up 4.7% from November).
Year-on-Year: Average price up 4.4%, median price slightly down by 0.1 percent.
Sales: 17.1% higher than December 2023.
Listings: 780 new listings, with total listings at a low of 5,094.
The luxury and rural markets saw strong sales, fueled by lower mortgage rates.
2024 ended positively, setting a strong foundation for 2025.
Auckland Housing Market Update
Auckland’s housing market saw a strong rebound in November, driven by improved market confidence, falling mortgage rates, and a stabilising economy!
Key Highlights:
1,002 properties sold, up 6% from the previous three months.
Total sales value reached $1.134 billion, a notable rise from previous months.
Median price increased to $1,011,000, surpassing the $1 million mark for the first time in five months.
Average price rose to $1,132,795, up 2.4% from the previous quarter.
Sales in the under $750,000 range made up 22.3% of sales, while the $2 million+ market accounted for 5.2%.
With 1,782 new listings, stock levels remain high, providing plenty of options for buyers. The market is positioned well for a dynamic summer selling season.
Want to know what this means for your home? Contact us today for a free appraisal!