New Zealand home prices fall in January as holiday season and weather slow market activity
New Zealand house prices fell in January as summer holidays and severe weather impacted demand. Sales volumes dropped while underlying values remained stable.
The Real Estate Institute of New Zealand (REINZ) has reported that seasonally adjusted median house prices across New Zealand 
NZ fell by 1.2% in January, while national home sales slumped 8.9% from December. This primary trigger for the market update, announced on February 15, 2026, reflects a measurable decline in activity at the conclusion of the southern hemisphere summer.
NZ fell by 1.2% in January, while national home sales slumped 8.9% from December. This primary trigger for the market update, announced on February 15, 2026, reflects a measurable decline in activity at the conclusion of the southern hemisphere summer.
