New Zealand's home values rose just 0.2% in Q1 2025, with most cities seeing little to no growth.

In the first quarter of 2025, New Zealand's average home price increased minimally by 0.2% to $903,928, with only a few regions like Whangarei, Rotorua, Nelson, and Christchurch seeing growth over 1%. Auckland and Wellington saw slight decreases. The market's stagnation is attributed to job concerns, rising unemployment, and a surplus of properties. Expectations are for the market to remain flat until economic conditions improve and excess stock is sold.