July Market Update

National Market: Stability with a Subtle Thaw 

In June 2025, New Zealand's property market remained steady. The national median sale price held at $770,000, unchanged from the previous year. Seasonally adjusted prices saw a modest increase of 0.6% from May, indicating a slight upward trend.  

Sales activity remained robust, with 5,865 homes sold, a 20.3% rise compared to June 2024. Listings decreased by 2.5% to 7,612, while total inventory increased by 2% to 32,384 homes, offering buyers more options.  

Properties spent an average of 50 days on the market, slightly longer than the previous year, reflecting a more considered buying approach. The House Price Index (HPI) stood at 3,580, showing a 0.3% annual increase but a 0.8% decline from May. 

Lower Hutt: Grace Under Chill 

In June 2025, Lower Hutt's property market demonstrated resilience, with a median sale price of $700,000, reflecting a 3.4% decrease from June 2024. This adjustment aligns with broader market trends and indicates a period of recalibration, rather than decline. 

Properties in Lower Hutt spent an average of 53 days on the market, slightly longer than the national average of 50 days. This extended timeframe suggests a thoughtful approach by buyers, allowing for informed decision-making. A total of 119 homes were sold, contributing approximately $85.2 million to the local economy. 

Sellers in Lower Hutt are adopting strategic pricing, with median valuations at $780,000 and average list prices around $680,000. This pricing approach reflects a realistic understanding of current market conditions and aims to attract serious buyers. The House Price Index for Lower Hutt stands at 3,515, slightly below the national benchmark, indicating a market that is adjusting to new dynamics. Overall, Lower Hutt's property market is stabilising, characterised by cautious optimism. Buyers are exercising due diligence, and sellers are aligning expectations with market realities, contributing to a balanced and sustainable market environment. 

Reading Between the Lines: What This Means 

Lower Hutt’s market performance serves as a microcosm of national trends. Prices are manageable, timelines are realistic, and participants are strategically aligning their expectations. The result is a landscape of quiet resilience, marked more by affirmation than alarm. With inventory slightly rising and pricing more grounded, the conditions are ripe for a balanced spring market, where clarity could give way to confidence and measured growth. 

What to Watch Ahead 

Spring’s signal is clear: if mortgage rates continue to ease and listings stay steady, we could see renewed interest driving the next market upswing. The $100,000 gap between valuations and list prices highlights potential value opportunities for savvy buyers. Whether you’re buying or selling, this moment offers a strategic window filled with both clarity and choice. Spring may be the season that tests that balance. 

5 Steps to Get Your Home Ready to Sell This Spring 

1. Boost Curb Appeal
   Mow lawns, remove weeds, trim trees, plant flowers, and freshen up your front door for an inviting first impression.
2. Clean & Declutter
   Deep clean every corner and clear out personal items so buyers can picture themselves here.
3. Make Quick Fixes
   Fix leaks, squeaks, and chipped paint to show your home is well cared for.
4. Freshen Up Inside
   Add a neutral coat of paint, update light fixtures, and let in natural light with fresh sheer curtains.
5. Stage & Shine
   Arrange furniture to maximize space, add fresh flowers, and schedule professional photos on a sunny day.
   Curious about how your property fits into this backdrop? Reach out for a no-obligation appraisal in Lower Hutt. Your spring strategy starts now!