Private Home Sales Using the Private Sale Mentor

11/11/2025

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06/11/2025

TOO MANY LISTING ARTICLE- BY INTEREST.CO.NZ Property / news
A rush of new residential listings and rising stock levels should maintain a buyer's market heading into summer

5th Nov 25, 9:11am by Greg Ninness

Early indications suggest the housing market could tip even further in buyers' favour over summer, with a rush of new listings and high stock levels persisting in October.

Property website Realestate.co.nz received 12,209 new residential listings in October. That was 5.5% higher than October last year, and the most for the month of October since 2018.

This helped push the total stock of properties for sale on Realestate.co.nz to 33,588 at the end of October, up 3.9% compared to October last year and the highest for an October month since 2014.

It is normal for new listings and stock levels to increase in October, as the market shakes off the winter blues and perks up for the initial summer season before going into hibernation over the Christmas/new year break.

However, both new listings and stock levels increased at a faster rate between September and October this year than they did over the same period last year.

New listings on Realestate.co.nz increased by 30% between September and October this year compared to a 19.8% increase over the same period last year. Stock levels increased by 9.3% between September and October this year compared to a 7.7% increase over the same period last year.

So both the size of the listings and stock increases in October, and the rates at which they have increased, are greater than they were a year ago.

That will ensure potential buyers have plenty of properties to choose from at the start of the summer season, and will likely maintain the buyer's market conditions that persisted through winter, which helped to keep a lid on property prices.

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30/08/2025

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17/07/2025

NOW IS NOT A GOOD TIME TO SELL YOUR HOME!

🏡 Too many homes for sale… not enough buyers.
The latest stats suggest the market will stay slow right through winter—and maybe into spring too.

🔻 Here’s what’s really happening:

Over 32,000 homes were listed for sale at the end of June.

That’s only 2% more than last year… but double the number on the market during the boom of 2021.

Back then, we had just under 14,000 properties for sale—now it’s 134% more.

💔 Sales are going the other way:

In June 2021: 7,629 homes sold.

In June 2025: only 5,865 sold.

That’s 23% fewer sales… despite double the number of homes available.

⚖️ Too many sellers. Not enough buyers.
It’s an unbalanced market—and it shows:

📦 The ‘overhang’ (unsold properties still sitting on the market):

June 2021: around 7,200

June 2025: over 28,000

That’s nearly 300% more.

🚪 The ‘dropouts’ (homes pulled from the market altogether):

June 2021: under 1,200

June 2025: nearly 3,800 every month!

That’s a 225% increase.

📉 But wait… haven’t mortgage rates dropped?

Yes! The average 2-year fixed mortgage rate has gone from 7.04% to 4.96% since November.

Normally, that would spark buyer activity… but not this time.

🤔 What does it mean?

The market isn’t just taking a breather—it could be reshaping altogether.

Whether it’s a crash, a slow burn, or just a long flat patch… we’re not out of the woods yet.

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