The market! The market seemed to hit a bit of a wall mid-May, after 2-3 months of sustained high levels of activity on all price points. Our higher end stock has slowed a little this month but our first home market is still ticking away nicely! As we write this we are about to present 8+ offers on a property, this property is well priced, presented and promoted, that’s the key! Winter will go quickly and following that we should see the best periods in Real Estate for our region than we have seen for a few years, bring it on!
Number of Sales May 2025 | Number of Sales May 2024 | Average Number of Days to sell | Average Sale Price | |
|---|---|---|---|---|
Nelson | 85 | 70 | 45 Down 25 | $685,000 ^2.2% |
Tasman | 83 | 52 | 47 Down 4 | $790,000 ^1.3% |
Marlborough | 80 | 36 | 40 Up 4 | $650,000 Down 5.1% |
Source: REINZ May 2025 New Zealand Property Report. Data Compared to May 2024.