T A S M A 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%
TASMAN REGION $800K 0%
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%
TASMAN REGION 826 -8.3%
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
The Tasman Region's 12-month rolling median house price reached an approximate $800K for July 2026. This price reflects stability, having recorded no change over the past year. However, looking at the longer term, the region demonstrates significant growth, with its median price up by an approximate $318K, representing a robust 66% increase over the last decade. This long-term appreciation maintains the region's premium position within the property market, reflecting consistent demand across the years.
The Tasman Region recorded a 12-month rolling sales volume of 826 properties in July 2026. This represents a decrease of 75 sales, or 8.3%, when compared to the same period last year. Looking back a decade, sales volume has remained largely stable, decreasing by a modest 6 sales, reflecting a 0.7% change from ten years prior. Recent months reflect a gradual easing in activity, with monthly volumes showing a consistent downward movement from earlier in the year, reinforcing the annual deceleration in sales.
The 12-month rolling median days to sell for the Tasman Region is 38 in July 2026, reflecting a reduction of 5 days from this same month last year. This same month 10 years ago, the median days to sell was 29, representing an increase of 9 days to the current figure. Properties are moving off the market more swiftly, with the current median days to sell falling by 1 day from June and 2 days over the last quarter. This performance represents a significant drop of 18 days from three years ago, coinciding with a period of sustained market activity, while remaining 11 days above the median recorded five years prior.
New listings in Tasman Region for July 2026 stood at 787 properties. This level represents a marginal 0.1% decline compared to July 2025, yet marks a solid 3.3% increase from two years prior and a substantial 10.1% rise from three years ago, reflecting a sustained recovery in vendor activity over the longer term. This upward trajectory contrasts with narrower trends, signaling a more robust supply environment in the region. The relative stability in new listings helps maintain the market's premium positioning, coinciding with broader confidence in the Tasman property landscape.
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.
rwrichmond.co.nz KPV Real Estate Limited (REAA 2008)