The latest figures from the Real Estate Institute of New Zealand show the Bay of Plenty market held steady through October, with buyers showing good interest in new listings and activity lifting across open homes and auctions. 

The median sale price for the region sits at $815,000, down 0.2% compared to this time last year and up 4.5% from September. Total sales reached 481, a 7.1% increase on October 2024. The median days to sell came in at 46 days, just one day slower than the same time last year.

First home buyers remained the most active group, and Rotorua saw improving investor activity. Most vendors were realistic with pricing, and newer listings continued to attract the strongest interest.

Auction rooms were busier this month, with higher attendance and better clearance rates. While prices remain stable overall, confidence is improving as interest rates ease. Sales teams expect steady activity over the coming months and a modest lift in values heading into 2026.

Read the full market update HERE.