REINZ April 2025 Market Report: Wellington & Hawke’s Bay

The latest data from the Real Estate Institute of New Zealand (REINZ) reveals interesting trends in the property markets across Wellington and Hawke’s Bay for April 2025. With market activity showing notable shifts, this update provides key insights for homeowners considering selling privately.

Here’s a closer look at how both regions performed last month:

Wellington Market Snapshot – April 2025

Wellington’s property market showed mixed results in April, with an increase in sales volumes but continued pressure on prices.

• 632 properties sold📈 Up 3.8% compared to April 2024

• Median sale price: $775,000🔻 Down 5.5% year-on-year

• Average days to sell: 42 days🔻 3 days slower than April 2024

The uptick in sales suggests growing buyer confidence, despite a softening in prices. This could be good news for motivated sellers as we head into the cooler months, with more properties changing hands and realistic pricing attracting serious buyers.

Hawke’s Bay Market Snapshot – April 2025

Hawke’s Bay’s property market outperformed expectations in April, with strong sales growth and a modest increase in median prices.

• 231 properties sold📈 Up 15.5% compared to April 2024

• Median sale price: $671,000📈 Up 1.8% year-on-year

• Average days to sell: 40 days⏱ 4 days faster than April 2024

This significant jump in sales, combined with steady price growth, suggests renewed confidence in the Hawke’s Bay region. Shorter selling times also indicate strong demand from buyers, which could present an ideal window for homeowners looking to sell.

What Does This Mean for Private Sellers?

If you’re considering selling your property privately, these market trends highlight some key opportunities:

✅ Wellington: While prices have dipped slightly, buyer activity is healthy. Pricing your property competitively and marketing it effectively could help you achieve a successful sale.✅ Hawke’s Bay: Strong demand and faster selling times make it a promising market for private sellers aiming to maximise returns without paying high commissions.

At Doran Private Property Sales, we help everyday New Zealanders sell their homes commission-free, saving thousands in fees while still reaching buyers through top-tier advertising platforms like Trade Me Property.