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New Zealand's median home value dropped by 3.9% in 2024, signaling a stabilizing housing market.
New Zealand's median home value fell by 3.9% in 2024, reaching $803,624, a drop of about $32,200 from the previous year.
Despite overall declines, there are signs the market may be stabilizing, with a slowdown in the rate of decline.
Auckland and Wellington faced significant drops, while some regional cities saw minor growth.
Factors like lower mortgage rates and a sluggish economy could continue to affect the market in 2025.
3 months ago
22 Articles