Trade Me Property Asking Prices See Major Slide in Late 2025

Residential asking prices on Trade Me Property ended last year on a decidedly soft note, with the website's national average asking price dropping 6% in December to its lowest level in 12 months. Trade Me Property's national average asking price fell by more than $50,000 in December, to $800,700 from $851,950 in November, the lowest it has been since December 2024. The sharp drop in December followed a $31,250 drop in November from October, meaning the average asking price of properties advertised for sale on the website dropped $82,500 over the pre-Christmas summer selling season. The biggest fall in the average asking price between October and December was in one of the country's smallest housing markets - Gisborne - where it plummeted to $463,100 in December from $722,400 in October. That's a slide of $259,300 in the last two months of the year. Asking price declines were also substantial in most other parts of the country over the same two month period, led by Auckland -$126,400, Hawke's Bay -$109,350, Marlborough -$93,300, Wellington Region -$69,300, Waikato -$59,500, Northland -$50,000, Nelson/Tasman -$41,650, Otago -$36,600, Canterbury -$23,050, Southland -$19,900, West Coast -$18,450, Manawatu/Whanganui -$15,250 and Taranaki -$9250. The only region where average asking prices went against the trend and posted an increase over the last two months of last year was Bay of Plenty, with a $9,900 increase to $963,000, giving the region the most expensive average asking price in the country. The chart below shows the average asking prices on Trade Me Property for all regions in December 2025 and their percentage change since December 2024.