Christchurch Property Market Records Strongest Sales Activity Since 2021 As Buyer Confidence Stabilises
The Real Estate Institute of New Zealand reported that Christchurch recorded its highest monthly sales count since March 2021, with the market demonstrating sustained buyer and seller acceptance of settled conditions following the volatility of the post-pandemic cycle. REINZ data shows the Christchurch median house price at $700,000, with the broader Canterbury region contributing to a national sales total of 80,655 transactions in 2025, a 10.3 percent year-on-year increase. Nationally, the median house price rose 1.4 percent to NZD 786,977, while excluding Auckland the increase was 2.1 percent to NZD 718,000, reflecting stronger performance in provincial markets and South Island centres where affordability continues to attract both first-home buyers and investors. Cotality NZ forecasts approximately 5 percent national property value growth in 2026 as the recovering economy and lower mortgage rates support a gradual improvement in market confidence.
11 Apr 16:20 · SCOOP