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New Zealand's housing market slowed significantly in April 2026, with national sales volumes falling 7.9% annually and the median price dropping to $775,000. Rising inventory levels and anticipated interest rate hikes are contributing to a shift in market dynamics.
Auckland's median house price dipped 0.1% to just over $1.04 million in April 2026, contrasting with a 0.1% national increase. High inventory and looming OCR hikes continue to weigh on NZ's largest property market.