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16 Feb 2026 21:52
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      Home > News > Business

    The housing market may be yet to turn a corner

    The housing market may be yet to turn a corner


    The Real Estate Institute's House Price Index has fallen another 0.7 percent in the past year.

    The index is now 16.2 percent below its 2021 peak.

    It's 23.6 percent below the peak in Auckland, and 26.9 percent the peak in Wellington.

    The average property is taking 54 days to sell - unchanged on a year ago.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     16 Feb: Severe weather has impacted the housing market
     16 Feb: People didn't reach into their pockets as much as retailers hoped, over summer
     16 Feb: More evidence of an improving economy - from the amount of freight hitting our roads
     16 Feb: Potential for cost-cutting in the 1.8 billion dollar Interislander replacement plan
     16 Feb: Strong signs of economic turnaround from the latest half-year results
     16 Feb: Retailers remain cautious despite a bump in card spending over the New Year period
     16 Feb: The Prime Minster says he's proud of the India Free Trade Agreement and isn't phased by Labour's raised red flags
     Top Stories

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     Today's News

    		 International:
    Former FBI agents say in their experience looking closer to Nancy Guthrie's social circle may be key 21:47

     Entertainment:
    Michelle Obama got 10 new ear piercings in one sitting 21:27

     Environment:
    Weather warnings are set to fade away tonight 21:17

     Entertainment:
    Margot Robbie has credited Rachel McAdams with helping her land all her major roles 20:57

     Entertainment:
    Daisy Lowe is pregnant with her second child 20:27

     General:
    How cheating allegations have rocked the curling teams at the Olympics 20:17

     Entertainment:
    Ashley Roberts wrongly announced Dick Van Dyke had died instead of James Van Der Beek 19:57

     Entertainment:
    Jesy Nelson's petition with Parliament, to demand all newborn babies born in the UK are tested for Spinal Muscular Atrophy (SMA), will receive a response from the UK government after it was signed more than 66,000 times 19:27

     Business:
    Severe weather has impacted the housing market 18:57

     Entertainment:
    The FBI has revealed "new identifying details" about a suspect in Nancy Guthrie's disappearance 18:57

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