Housing market reaches potential turning point

The latest data points to a housing market that’s tightening and gaining momentum:

✅ Resilient Prices – July’s national median slipped just 0.2% to $767,250, against the usual 1.9% drop – the strongest July result in over a decade.

✅ Rising Demand – Sales up 6.3%, listings down, and the sales-to-listings ratio now at 71%, the highest since the correction began.

✅ Middle-Market Strength – Homes in the $650k–$800k range are leading with 10.3% annual growth, with Nelson and Otago topping the charts.

✅ City Recovery – Annual growth for Auckland (+3.7%) and Wellington (+2.4%) are rebounding, Christchurch remains the most resilient.

🌟 What this means locally: With July defying seasonal slowdowns, the stage is set for strong spring growth. We’re already seeing the shift on the ground.

In just the past 8 days, Team Davies has sold nearly $14.5 million worth of property, including 7 unconditional sales (3 cash unconditional) and 3 more currently under contract.

📌 The takeaway: After a prolonged buyer’s market, conditions are balancing — and results like ours highlight how the right strategy and timing can deliver outstanding outcomes.

💬 Thinking about your next move? Let’s chat about how today’s shifting market could work in your favour.