New Zealand Housing Market Update

The January 2026 REINZ data shows renewed softness in the New Zealand housing market, with house prices falling 0.2% and sales volumes dropping 5.4%.

Key Takeaways

• 1.The REINZ House Price Index fell 0.2% m/m in January, signaling renewed softness in the New Zealand housing market.
• 2.Sales volumes saw a significant drop of 5.4% m/m, remaining well below historical averages.
• 3.Regional price trends are diverging; Southland and Otago are seeing gains while Auckland and Wellington are drifting down.

Table of Contents

• Data summary
• Renewed softness
• Key points
• The housing market in charts
• Meet the team
• Important Notice

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