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flag New Zealand's property market hits record lows in new listings and prices in December 2024.

flag New Zealand's property market saw a record low in new listings for December 2024, reaching the lowest levels since tracking began 17 years ago. flag Nine out of 19 regions hit their lowest-ever December levels, and the national average asking price fell to $842,476, the lowest since April 2021. flag Despite the decline, healthy stock levels and regional 'hotspots' offered opportunities for buyers and sellers. flag New listings dropped by almost 60% month-on-month, while stock levels fell 13.3% month-on-month but were up 18.5% year-on-year.

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