The 2026 property market has opened at a steady pace.
January’s usual seasonal slowdown, combined with unsettled weather across parts of the country, shaped a quieter start. Yet beneath that softness, the fundamentals remain composed.
National median prices increased 0.4% year-on-year to $753,106. Excluding Auckland, prices rose 1.4% to $700,000.
Not a surge.
Not a setback.
A market finding its balance.
Nine of sixteen regions recorded median price growth, with several territorial authorities reaching new highs - largely driven by higher-value transactions rather than broad inflationary pressure.
The broader trend is clear: pricing stability is returning.
Measured Activity. Rebuilding Confidence.
Sales volumes declined 5.4% nationally year-on-year - typical for January. Days to sell increased to 54 days, consistent with seasonal patterns.
When adjusting for summer trends, the data shows resilience rather than retreat.
Open home attendance strengthened as the month progressed. First home buyers and owner-occupiers remain active. Investor enquiry is selective but present.
This is not hesitation.
It is considered decision-making.
Interest rate expectations have stabilised as inflation pressures ease. With an election year approaching, some are choosing to assess before acting - a pattern seen in previous cycles.
Confidence is returning thoughtfully, not impulsively.
Wellington: Disciplined and Selective
Wellington’s median price sits at $732,500, down 2.6% year-on-year.
Vendor expectations are increasingly aligned with current market evidence. Where pricing reflects reality, properties are transacting. Where it exceeds evidence, negotiation follows.
Open home activity improved through January, reinforcing that buyer demand remains present - but measured.
This is a structured market.
Clear strategy matters more than ever.
Lower Hutt Snapshot
Lower Hutt’s median price currently sits at $695,000.
• Down 9.6% year-on-year
• No. of sales: 121
• Median days to sell: 45
For buyers, there is opportunity in choice and reduced competition.
For sellers, success lies in precision - pricing alignment, presentation quality, and marketing that positions your property clearly in today’s environment.
In 2026, preparation will outperform urgency.
Same Heart. New Look.
You may notice our look has evolved.
Professionals have recently entered a new chapter. While our visual identity has evolved, our foundations remain unchanged - trusted advice, local expertise, and long-term relationships built on integrity.
The market may be steadier, but the importance of informed advice has never been greater.
Considering a Move This Year?
Whether you’re planning a sale, exploring an upgrade, or simply wanting to understand where your property stands today, I welcome a confidential conversation.
Understanding your position before you need to act creates options - and options create confidence.
If you’d like an updated appraisal please fill the form below and someone from our team will reach out to you.