June 2025 Housing Market Update

*Includes Barfoot & Thompson Auckland residential sales that have gone unconditional. Excludes Northland and commercial sales.

Auckland property market heads into winter with strong sales numbers

The Auckland property market had a strong close to the summer/autumn selling season with sales numbers at their strongest for the month of June in four years, and the average price increasing to its highest in three months. 

“June is normally a month when sales activity starts to tail off with the approach of winter, but this June was a strong sales month,” said Stephen Barfoot, a Director of Barfoot & Thompson. 

“The median sales price for the month at $981,500, was the highest it has been this year and 5.7 percent higher than last month’s median sales price.

“While this is well below the peak median price established a few years ago, compared to where prices have been over the past few months, it represents a pleasing reversal in direction.

“The strong increase in the number of sales being achieved this year compared with the past two years continued into June. 

“We sold 876 properties in June, which was our highest number in the month of June for four years and was more than a quarter higher than in the same month last year. 

“While June’s sales numbers were down on May’s, our sales for 2025 year-to-date continue to run 20 percent higher than those for last year. 

“The market may be drifting in terms of prices, but when it comes to sales turnover it is stronger now than it has been since sales and prices peaked in 2021. 

“New listings in the month at 1,405 were solid, but the lowest they have been for 5 months, with month end housing stock sitting at 5,831. While this number is on a par with stock levels at this time last year it is the first time in four months properties on our books have fallen below 6,000.

“The rural and lifestyle markets to the north, west and south of Auckland also had a strong month going into winter, with the sales value of properties for June being more than $59 million, the highest sales total in these markets in the month of June for three years. 

“Sales by value in the rural and lifestyle markets in the first half of 2025 are running 41 percent ahead of where they were at the same time last year.”

Barfoot & Thompson knows Auckland best. It is the city’s leading real estate company, selling around one in three Auckland residential homes, significantly ahead of all other competitor brands.   

Released on behalf of Barfoot & Thompson by Network Communication (Dennis Lynch) telephone 021 963 733  dennis.lynch@networkcommunication.co.nz