The average asking price for houses available for sale in April on Trade Me dropped to $855,150. Trade Me’s Property Price Index shows this was down 0.8 per cent compared to March, and down 2.6 per cent from the same month last year. Auckland fell 1 per cent compared with March – the biggest month-on-month decline in eight months. The average asking price was $1,046,900. Year-on-year, prices in Auckland are down 3.2 per cent. The biggest decline was on the South Island’s West Coast where the average asking price in April fell 7.4 per cent from March. Otago went against the trend and posted a gain of 0.6 per cent compared to March. The total number of listings on Trade Me Property at the end of April was down four per cent from March, while use of the website by potential buyers declined by 13 per cent. Website realestate.co.nz shows the national average asking price on its platform in April sank to $851,746, down from $884,995 in February – a drop of $33,249, or 3.8 per cent. In the main centres asking prices declined in Auckland by $46,035, Wellington by $40,066, Canterbury by $16,347 and Otago by $50,128, exacerbated by the huge number of properties on the market. This has more than doubled over the past four years, rising steadily from 15,838 in April 2021 to 35,924 in April 2025.