Our April 2025 Rotorua Property Market updates you on the latest National and Rotorua Property market trends. Read on for positive news of longer-term stability in the market together with encouraging reductions in mortgage interest rates.
Welcome to our April 2025 Rotorua Property Market Update, which is based on the REINZ verified sales reports to end of March 2025 as published on 15 April 2025.
National Trends
Sales counts for NZ excluding Auckland increased by 14.2% year-on-year.
Year-on-year median days to sell (ex-Auckland) increased by 3 days (year-on-year) to 41 days.
The number of properties listed for sale rose 5% year-on-year.
Housing Price Index (HPI) as a measure of market trend (excluding Auckland) is:
- A decrease of -0.7% year-on-year
- A decrease of -0.6% compared to February 2025
- Average HPI growth rate has been +4.8% per annum over the past 5 years
- HPI is currently -11.2% lower than its peak in 2021.
Overall
- There is a year-on-year increase in the number of properties being listed for sale
- There is a marked year-on-year increase in the number of properties sold.
- HPI index results indicate a slight softening but overall, a relatively static market trend
- Median days to sell rose slightly but remains relatively stable
Acting REINZ CEO Rowan Dixon commented “This growth (sales counts) suggests that lowering interest rates and low house prices encourage more people to buy homes”, and further “As interest rates continue to fall and the OCR drops once again, local salespeople around the country are anticipating stability in the market over the coming months”.
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Rotorua Property Market Update
There are currently 525 properties for sale (trademe.co.nz) as at 29th April 2025. This compares to 530 listings as at 21st March 2025, 507 listings as at 2nd March 2025, and 437 listings as at 23rd January 2025.
The number of properties listed for sale remains static.
78 properties were sold in March 2025, compared to 74 sales in February 2025, 38 sales in January 2025 (adjusted sales count), 68 sales in December 2024, and 84 sales in November 2024.
The 78 sales recorded for March 2025 compares to 79 sales for March 2024. Rotorua’s sales count year-on-year is static and tracks well below the 14.2% increase year-on-year recorded for NZ (excluding Auckland).
HPI as the most accurate measure of market trend was:
- -2.6% for March 2025
- -2.5% for the 3-month period Jan-Feb-Mar 2025
- -0.1% for the 12-month period April 2024-March 2025
Looking at the 3-month HPI results from toward the end of 2024 to end of March 2025 we have:
- +4.5% for Sept-Oct-Nov 2024
- +2.5% for Oct-Nov-Dec 2024
- +0.2% for Nov-Dec-Jan 2025
- +0.5% for Dec-Jan-Feb 2025
- -2.5% for Jan-Feb-Mar 2025 (latest result)
Overall
The number of properties listed for sale remains relatively unchanged in recent months.
The 78 sales recorded for March 2025 is in-line with the 74 sales recorded for February 2025.
The static year-on-year sales count tracks well below the NZ (excluding Auckland) 14.2% year-on-year increase.
The negative -2.6% trend in HPI for March 2025 ‘dragged’ the 3-month (Jan-Feb-Mar 2025) trend down to -2.5%.
The year-on-year HPI trend remains static at -0.1% reflecting a stable but static longer term market trend.
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Power of 2 Update
The number of properties listed for sale has not measurably increased nor has the number of sales across Rotorua increased over recent months.
We previously reported a lift in HPI trend toward the end of 2024 with this gain ‘holding’ through to February 2025. However, this has been followed by a disappointing -2.6% HPI result for March.
The market trend as measured by HPI continues to show shorter term fluctuations, both positive and negative, with the longer term (one year) trend continuing to remain stable but static.
Despite recent and progressive reductions in the Official Cash Rate (OCR) and mortgage interest rates on offer, we have not yet seen the Rotorua market respond positively to the more favourable loan conditions.
The good news for existing homeowners is the relief that lowered mortgage interest rates will provide.
The declines in mortgage interest rates should result in more buyers being eligible for a home loan together with an increase in the amount buyers can borrow, so we are optimistic that the continued easing of interest rates should result in increased levels of buyer activity and stability in the Rotorua market in coming months.
Why Us?
One of the most important decisions anyone who is considering selling needs to make, is their choice of agent.
And when asked by prospective sellers “Why should we choose you?” our key points are:
- Our guiding principles are honesty and integrity.
- We dedicate ourselves to acting in your best interests at all times.
- We work as a team. Our complimentary skill set, and extra capacity empower us to deliver superior service and results.
- We offer a wealth of knowledge and experience.
- We come highly recommended by past sellers.
Our greatest accolade is satisfied sellers, so we encourage you to review our Testimonials, so you can research what past sellers say about us.
We wish you and your loved ones all the very best, and for all things real estate you are warmly invited to call us for a relaxed conversation or simply book your Free Appraisal.
Wayne and Veena Hemingway - The Power of 2, Arizto Rotorua - April 2025
