New Zealand's national median house price rose 0.7% to NZ$770,000 in June compared with June 2025, while national sales count fell 2.9% to 5,996, according to a Wednesday report by the Real Estate Institute of New Zealand (REINZ).
The report said new listings rose 4.3% to 7,942, days to sell improved by one day to 48, and inventory levels rose 7.3% to 34,761.
West Coast was the strongest performing region, with a median price of NZ$474,350, up nearly 13% year on year, followed by Canterbury with a median price of NZ$710,000, up 5.2% year on year.
"The New Zealand housing market has become a series of local markets moving at different speeds. Buyers and sellers in one part of the country are having a very different experience from those in another, making the local knowledge of trusted real estate professionals more important than ever," said REINZ Chief Executive Lizzy Ryley.
The national House Price Index (HPI) for June remained slightly negative on an annual basis at minus 0.8%, pointing to a softer underlying price trend, per the report. The raw and seasonally adjusted median sale price both recorded year-on-year gains in June, reflecting continued strength in some of the country's higher-value regions, REINZ added.
REINZ said current market indicators suggest conditions are likely to remain broadly stable through winter, with local salespeople generally expecting stability to support a gradual build in activity over the coming months as confidence improves and more properties come to market.