REINZ MAY PROPERTY REPORT - SUMMARY

As we head into winter, REINZ’s May data shows a slightly more active market… but not without a few headwinds:

Auckland median price down 3.5% YoY → now sitting at $975,000
Days to Sell: 46 (slightly stretched timelines across the board)
All buyer types active — from first home buyers to developers
Most vendors are meeting market price expectations

Open home traffic was mixed — generally below average
Auction rooms showed patchy activity, but there are signs of slow improvement

What’s shaping the mood?

• Easing interest rates

• High stock levels

• Job security + confidence concerns

Outlook? Agents expect a slow but steady improvement over the next 3–6 months — though seasonal dips may still come.