REINZ Housing Data

The New Zealand housing market remains in a flat trend as of May 2026, with the REINZ House Price Index seeing a minor 0.2% monthly increase while sales volumes continue to decline. Elevated interest rates and cautious buyer behavior point to stagnant near-term price performance.

Key Takeaways

• 1.The REINZ House Price Index increased 0.2% m/m in May (sa), suggesting a broadly flat trend over the last six months.
• 2.Sales volumes fell for the third consecutive month, indicating cautious buyer sentiment amid elevated interest rates.
• 3.Housing market indicators remain weak, with median days to sell slightly increasing to 46, consistent with a loose market.

Table of Contents

• Data summary
• House prices steady
• Key points
• The housing market in charts
• Meet the team
• Important Notice

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