National average asking price virtually unchanged for over a year
Since January 2023, the national average asking price has remained stable. At $868,877, it is down a marginal 0.6% on April last year. The national average asking price has remained below $900,000 since December 2022, a significant decrease from the market peak in January 2022 when it exceeded $1 million.
“As we move into the winter months, we typically see a cooling market, and in 2024, this is combined with a softening economy. It will be interesting to see how these factors play out for the property market in the coming months,” says Sarah Wood, CEO of realestate.co.nz
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