February 2026: REINZ figures for January 2026 show the real estate market overall continues to improve. January exhibited the usual slowdown, seasonal holiday patterns, and unsettled weather across parts of the country however, median prices are holding firm, with national prices rising slightly above January 2025, even as sales counts softened.

National median prices held steady, rising slightly by 0.4% from January 2025 to $753,106. New Zealand, excluding Auckland, rose 1.4% year-on-year, to $700,000. Nine regions saw median prices rise from January 2025, and West Coast recorded a record high of $480,000, up $20,000 from its previous high in October 2025. The national median price for the three months ending January increased 1.4% year-on-year, reinforcing that pricing trends remain steady despite short-term monthly volatility REINZ said.

“Interpreting the market over the summer can be challenging, as activity between November and February often reflects seasonal patterns rather than fundamental shifts,” said REINZ Chief Executive Lizzy Ryley. “Once seasonal trends are taken into account, the data shows the January market held up well.”

See the REINZ maps below.

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HOW LONG DOES IT TAKE TO SELL A PROPERTY?

National median Days to Sell was 54 days, much higher than in December 2025 (up 15 days), but REINZ said this is typical for the time of year. The median Days to Sell figure was the same as in January 2025. Excluding Auckland, this followed a similar trend, with a significant increase compared to last month (up 14 days), but slightly lower than January 2025, down one day to 52.

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COMPARE REAL ESTATE AGENTS AND AGENCIES BEFORE SIGNING AGENCY AGREEMENT

While on the upturn, current market conditions continue to amplify the importance of choosing a highly competent real estate agent with strong negotiation skills, rather than settling for an average one.

If contemplating selling a residential property, a farm or lifestyle block and wanting assurance that your real estate agent has been proven competent, request a list of vetted real estate agents - it's a free service for New Zealand vendors selling all property types.

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Page updated January 23, 2026.

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