Property Market Insights

Stay informed with Summit Real Estate. Explore current market conditions across Nelson, Tasman and Marlborough, view our latest sales and understand what’s happening in your local property market.

Want to know what properties have sold in your area? Browse Summit’s recent sold listings or speak with one of our local salespeople for expert, suburb-specific insights.

Residential December 2025
NELSON | TASMAN | MARLBOROUGH


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September Property Market Snapshot – Nelson, Tasman & Marlborough


Spring has brought a lift in confidence across the Top of the South, with the latest REINZ data showing steady activity and rising prices in several local markets. 

Number of Sales August 2025

Number of Sales September 2025

Average Number of Days to Sell*

Average Sale Price* $710,000

Nelson

51

66

32 Down 19

$720,000 ^9.1%

Tasman

56

66

42 Down 15

$780,000 ^4.0%

Marlborough

68

85

55 Up 6

$650,000 -4.4%


Source: REINZ – New Zealand Property Report, September 2025 *Compared to September 2024, REINZ Monthly Property Report Published October 2025

Compared with August 2025, the median price remained steady, while the sales count lifted by 14.2%, reflecting renewed buyer confidence heading into spring. 

At Summit Real Estate, we’re seeing first-home buyers lead the charge, with increased investor enquiry in Blenheim. Most vendors are pricing realistically, supported by greater access to local market insights and a clear understanding of buyer expectations. 

While open home attendance has been influenced by the weather and school holidays, market sentiment remains positive, helped by lower interest rates, higher stock levels, and renewed buyer confidence. The median days to sell sits at 43 days, just above the 10-year average, a sign of improving momentum. 

As the season unfolds, our team remains cautiously optimistic. Spring traditionally drives new listings and activity, and we expect the coming months to offer fresh opportunities for both buyers and sellers across Nelson, Tasman, and Marlborough. 

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Changes Ahead for Contamination Guidelines in Rental Homes

The Ministry of Housing and Urban Development has announced new regulations for methamphetamine contamination in rental housing due in 2026.

Methamphetamine contamination levels are not currently set to a level that is agreed upon by differing bodies, some insurance companies apply the level at 1.5µg/100cm2   others and the Tenancy Tribunal apply 15µg/100cm2.

There is also a lack of control and regulation of the Methamphetamine testing and cleaning industry which this bill aims to address.

Read more about the new regulations

Source Ministry of Housing and Urban Development

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