Peter Thompson's Auckland Housing Market Update – May 2026

Barfoot & Thompson Managing Director Peter Thompson has released his latest update on the Auckland property market. Here's a quick summary of the key points from May:

885 properties sold in May, up more than 25% on April's result.

Prices strengthened, with the median sale price rising to $980,000 and the average sale price reaching just under $1.16 million.

Buyer confidence improved, with the market returning to the modest growth seen earlier in the year.

The upper end of the market was active, with strong participation from buyers in the $2 million-plus price bracket.

First-home and entry-level buyers remained active, with properties under $750,000 accounting for around 20% of all sales.

New listings remained healthy at 1,586 properties, providing buyers with a wide range of choice.

Overall, May was a positive month for Auckland real estate, with stronger sales activity, improving prices and continued confidence from both buyers and sellers.