The latest data from the Real Estate Institute of New Zealand (REINZ) shows a steady but cautious market across the Top of the South. 

REGIONAL MEDIAN PRICE TRENDS

Mar-26

Feb-26

Mar-25

Nelson

710,000

738,768

650,000

Tasman

794,000

674,000

655,000

Marlborough

710,000

860,000

851,000

Nel/Marl/Tas Region

749,000

760,000

738,000

Source: REINZ, Data Compared to March 2025, REINZ Monthly Property Report Published April 2026.

Properties are selling faster, with the average days to sell now at 38 days. Four days quicker than March 2025. Sales activity also increased 32.4% from February, reflecting a lift as buyers returned to the market after summer. 

Median prices dipped slightly, down 1.4% from February, but are up 1.5% compared to March last year, indicating overall price stability. 

The market continues to be driven by owner-occupiers and first home buyers, with less activity from investors and the top end. At the same time, higher stock levels are seeing vendors price more realistically to meet the market. 

Open home attendance has remained consistent throughout campaigns. While fewer auctions were held, those that did take place achieved solid clearance rates. 

Market sentiment remains cautious. Buyers are active but more considered in their decisions, influenced by wider economic factors. With stock levels still elevated, both buyers and sellers are approaching the market carefully. 

Overall, conditions are balanced. Well-presented and well-priced properties continue to attract interest and achieve results. 

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Terms & Conditions: Summit requires a minimum 12-month management term. The 3 months free fees offer cannot be used in conjunction with any other promotion or discount.

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If you’re ready to move to a more professional, proactive property management service, now is the time.

Book your free rental appraisal or learn more here

Or speak to your local Summit Property Management team about how we can support your investment goals.