16/09/2026
REINZ data for August 2026 reinforces a picture of relative stability in national prices over recent months, even as sales activity slows and regional performance continues to diverge - particularly between the North and South Islands. The national median sale price of $750,000 was down 1.3% year-on-year, while sales decreased 13.0% compared with August 2025.
The level of activity was notable, with the national figure of 5,430 sales making this the sixth-lowest August in 35 years of REINZ records. Properties took a median of 51 days to sell - three days longer than in August 2025 and the fourth-highest August figure on record. The REINZ House Price Index was down only 0.9% year-on-year, supporting the steadiness reflected in the national median price of $750,000, which was only slightly lower
year-on-year (-1.3%).
“Property values generally held steady nationally, even as transactions softened in August. Rather than significant price movement, the change was in the pace of the market, with fewer sales and properties taking longer to sell,” said REINZ Chief Executive Lizzy Ryley. “Buyers and sellers continued to move forward when the property, price and timing suited their circumstances.”
You can read the full report on the REINZ website 😊