Market Update December 2025

The national market is settling into a more balanced phase. November brought 12,339 new listings, up 10.9 percent year-on-year, and total stock rose 4 percent to 35,345. Prices remain steady, with the national average asking price at $866,474.

Northland continues to show renewed momentum. New listings rose more than 30 percent year-on-year and stock levels increased 13.5 percent, giving buyers more choice and supporting consistent activity across lifestyle areas.

Kerikeri Snapshot:

• Kerikeri has been one of the more active parts of the region this spring.
• 33 sales in November – the highest month since March 2023
• Year-to-date sales up 11 percent on 2024
• New listings to market climbed 25 percent from October
• Prices steady, with strong interest in quality homes over $1 million
• Multiple offers appearing on selected properties
• Appraisal activity remains busy, pointing to a solid start to 2026
• Land sales remain slower than the 10-year average, though interest in building is re-emerging
• Increased national migration activity supports ongoing buyer demand in Kerikeri

Economic Backdrop

Tony Alexander’s latest report shows retail spending rising 1.9 percent in the September quarter and business confidence at an 11-year high. These shifts signal early economic improvement, although he also warns that inflation pressure may return sooner than expected.

The Outlook

Kerikeri enters summer with healthy stock levels, steady prices, active buyers, and improving sentiment. Conditions are balanced and building toward a more confident 2026.