Christchurch’s housing market remains stable, with steady sales activity and strong buyer interest, according to the latest data from the Real Estate Institute of New Zealand (REINZ) for September 2025.

The median price for Canterbury increased by 2.2% year-on-year to $705,000

Nationally, residential property sales rose 3.1% year-on-year, with 11 of 16 regions recording increased activity.

Owner-occupiers and first home buyers were the most active buyer groups across the region, with local agents reporting fewer enquiries from investors and overseas buyers.

The national median house price dipped 1.5% to $770,000, while prices outside of Auckland fell 0.7% to $690,000.

REINZ Chief Executive Lizzy Ryley said salespeople are reporting increased activity across the country, boosted by spring listings and the recent 50-basis-point cut to the Official Cash Rate.

“There’s cautious optimism that the market will continue to strengthen into summer,” she said.

“With the recent OCR drop of 50 basis points likely to influence further interest rate reductions, combined with the usual spring rush, salespeople are cautiously optimistic that activity will strengthen further through spring and into summer.”