N E L S O N
R E G I O N
PROUDLY PRESENTING PROPERTY MARKET INSIGHTS
REGIONAL COUNCIL MEDIAN PRICES (% CHANGE) IN THE LAST 12 MONTHS
NORTHLAND $673K 2.0%
NEW ZEALAND $780K 0.6% AUCKLAND $990K 0%
NELSON REGION $710K 0.4%
BAY OF PLENTY $815K 0.9% GISBORNE $650K 4.8%
WAIKATO $772K 1.4%
HAWKE’S BAY $678K -1.0%
TARANAKI $605K -0.8%
TASMAN $800K 0%
NELSON $710K 0.4%
MANAWATU-WHANGANUI $535K 0% WELLINGTON $770K -1.3% MARLBOROUGH $656K 0.2%
WEST COAST $420K 8.4%
CANTERBURY $710K 2.9% OTAGO $720K 4.3% SOUTHLAND $510K 6.8% Source: REINZ
REGIONAL COUNCIL SALES VOLUME (% CHANGE) IN THE LAST 12 MONTHS
NORTHLAND 2,172 0.1%
NEW ZEALAND 79,691 0.2% AUCKLAND 24,484 0.2%
NELSON REGION 881 0.8%
BAY OF PLENTY 5,118 -0.4% GISBORNE 473 -1.7%
WAIKATO 8,052 1.3%
HAWKE’S BAY 2,446 -8.3%
TARANAKI 1,902 1.8%
TASMAN 826 -8.3%
NELSON 881 0.8%
MANAWATU-WHANGANUI 3,814 -1.3% WELLINGTON 7,205 -4.9% MARLBOROUGH 865 -9.1%
WEST COAST 511 7.1%
CANTERBURY 14,033 4.1% OTAGO 4,896 3.3% SOUTHLAND 1,940 3.0% Source: REINZ
Nelson's 12-month rolling median house price stands at approximately $710K as of July 2026. This represents a modest 0.4% gain, or $3K, compared to this same month last year. Looking back further, the median price reflects robust growth over the past decade, recording a significant 59.7% increase, or approximately $265K, from approximately $444K this same month 10 years ago. While the current price shows a slight dip of $5K from June 2026, the market has largely maintained stability around the $710K-$715K range over the past year, coinciding with a period of price adjustments from the peak of $767K recorded in July 2022.
The Nelson Region recorded a 12-month rolling sales volume of 881 for July 2026, marking a marginal increase of 0.8% compared to the same period last year. This uplift has occurred alongside a recent softening in sales volumes, with the period reflecting a decline from the 931 sales recorded in March 2026 and 932 in January 2026. Looking further back, the current volume represents a 10.1% reduction from the 980 sales observed approximately ten years prior in January 2017.
The Nelson Region's 12-month rolling median days to sell for July 2026 stands at 42 days. This reflects a decrease of 1 day compared to this same month last year. Looking back further, this period represents an increase of 16 days from this same month 10 years ago. Over the past quarter, days to sell has consistently held in the low forties, and represents a 14-day increase over the past five years. This demonstrates a longer-term shift in market dynamics.
New listings in Nelson Region over the past 12 months to July 2026 recorded a modest 0.4% monthly decrease in July, reaching 1388 properties. This figure nonetheless represents a solid 1.2% annual gain compared to July 2025 and a stronger 14.0% increase over July 2024, reflecting persistent supply constraints within the market. This upward trajectory in annual listing volumes, coinciding with stable vendor activity, maintains Nelson Region's premium position.
Methodology
Ray White Now Localised is an automation that generates region-specific reports upon request, providing analysis into Australia and New Zealand's residential property market. The New Zealand edition draws data primarily from REINZ for its charts and commentary, and RECONZ for listings data. Pricing and Sales Data Source
Days to Sell
Price and sales data is sourced from REINZ's monthly residential sales reports, based on actual sales reported by real estate agents. Sales are recorded as of the date a transaction becomes unconditional rather than at settlement, which can involve a lag of four to six weeks in other data sources. Figures may be subject to minor revisions in subsequent months as late sales data or corrections are incorporated.
Days to sell is sourced from REINZ and reflects the 12-month rolling median number of days taken to sell a property. A lower figure indicates a faster, more competitive market. This metric complements price and volume data by providing a direct read on buyer demand and market momentum.
Price and Sales Volume Both price and sales volume are presented as 12-month rolling figures, calculated up to and including the current month. For price, this reflects the rolling median across the period. For sales volume, it reflects the rolling sum of total transactions. This approach smooths volatility and provides consistent comparability across all regions, particularly smaller markets with lower monthly transaction volumes. Each metric is accompanied by a 10-year trend chart and 1-year and 10-year growth figures in both absolute and percentage terms.
Listings Data New listings data is sourced from RECONZ and presented as a 12-month rolling volume. When read alongside sales volume and days to sell, it provides a fuller picture of the supply and demand balance in a given market. Commentary Generation Market commentary is generated using AI, fed with the underlying data powering each chart and table to contextualise local movements within broader market trends. Commentary is designed to provide straightforward, factual descriptions of the data, avoiding speculation while highlighting key trends and significant data points.
https://rwnelson.co.nz/ KPV Real Estate Limited (REAA 2008)