Market Update February 2026

The year has started with a noticeable lift in activity across the New Zealand property market. After a steady and cautious 2025, confidence is gradually building.

Interest rates have eased from their earlier highs, making borrowing more affordable for many buyers. Economists are generally aligned that 2026 should see moderate growth rather than dramatic price jumps. In simple terms, the market is improving — but in a controlled and sustainable way.

Business confidence indicators remain positive, and consumer spending showed resilience late last year. That tells us people are feeling a little more comfortable about the year ahead. At the same time, affordability and lending limits mean buyers are still careful and price-sensitive.

Northland Trends

Northland continues to benefit from people relocating from other parts of New Zealand. Lifestyle appeal, space, and community remain strong drawcards. Stock levels are healthier than they were during the very tight supply years, which gives buyers more choice and keeps pricing balanced.

Well-presented homes are attracting attention, particularly those positioned realistically within today’s market context.

Kerikeri – A Strong Start to 2026

Locally, the year has opened with solid momentum.

• 35 new listings came to market in January
• The REAL team listed 43% of those homes, helping build strong inventory and buyer choice
• Sales volumes were up 12% compared with January 2025
• Inventory levels are now at their highest point in several years
• Prices remain stable overall
• Buyer interest has been strongest in the under $1 million bracket
• Appraisal activity is busy, suggesting continued listing flow ahead

Land sales are still slower than the long-term average, but there are early signs that some buyers are exploring the build option again.

Kerikeri relies heavily on migration from elsewhere in New Zealand. Increased activity nationally is encouraging and supports the outlook for a positive late summer and autumn locally.

The Bigger Picture

We’re not seeing a boom — and that’s not a bad thing.

What we are seeing is a more balanced market: steady prices, improving confidence, active enquiry, and healthy stock levels. For buyers and sellers alike, that creates opportunity — provided decisions are guided by good information and clear positioning.

If you’re considering a move this year, it’s a good time to have a conversation about where your property sits in the current market and what practical next steps might look like.