Feature article
Hot seller markets
While mainly a buyer's market, some suburbs are in demand.
AI summary
While New Zealand is currently a buyer's market with 17.6% more listings than last year, some suburbs remain hot for sellers. Buyers nationwide have more choice and negotiating power, as properties are taking around 70 days to sell.
However, strong demand and faster sales define specific seller's markets, including:
- Fendalton, Christchurch
- Mount Victoria, Wellington
Understanding your local market conditions is crucial for setting realistic expectations whether you are buying or selling a property.
What is a buyer's market?
Advantages for buyers:
What is a seller's market?
Advantages for sellers:
Why does it matter?
Days on site heat map
| Suburb | Number of listings YoY change | Listing views YoY change | Average days on site May 2025 | ||||
|---|---|---|---|---|---|---|---|
| Fendalton, Christchurch | Fendalton, Christchurch | -34% | -34% | +60% | +60% | 34 | 34 |
| Mount Victoria, Wellington | Mount Victoria, Wellington | +63% | +63% | +54% | +54% | 45 | 45 |
| Hataitai, Wellington | Hataitai, Wellington | +5% | +5% | +16% | +16% | 43 | 43 |
| Suburb | Number of listings YoY change | Listing views YoY change | Average days on site May 2025 | ||||
|---|---|---|---|---|---|---|---|
| Cambridge, Waikato | Cambridge, Waikato | +4% | +4% | -11% | -11% | 78 | 78 |
| Masterton, Wellington | Masterton, Wellington | +10% | +10% | -2% | -2% | 80 | 80 |
| Carterton, Wellington | Carterton, Wellington | +19% | +19% | +7% | +7% | 78 | 78 |
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