Market Update July 2025

Halfway through the year, the market remains steady, reflecting similarities to last year. Year-to-date sales volumes are comparable to 2024, and average days to sell have slightly increased to just over 120 days. Buyers are taking their time to make decisions, often testing offers until they find vendors willing to engage. Most vendors in Kerikeri are carrying little debt on their properties and seem prepared to hold out, which contributes to a stable market and explains why Kerikeri’s median property prices have held up better than many other areas nationwide.

A cautious approach from purchasers, banks, and insurers means that sellers with properties that are well-maintained, compliant, situated on non-hazardous land, and built with durable materials are finding it easier to sell at favourable prices. These sellers are proactively addressing issues, which positions them advantageously in the current market.

First-time buyers remain active, alongside people relocating to Kerikeri from across New Zealand.

Overall, the market shows promising signs of slow and steady growth for the remainder of 2025. Vendors who are willing to meet the market, invest in resolving outstanding issues, and present their properties in the best light are likely to enjoy quicker sales and more favourable prices.

Remember, there's no bad time to take action—especially if you're buying and selling within the same market.