Auckland average asking price falls below $1 million for first time in six years
Thursday 1 October 2026 · 4 outlets · 4 reports · updated In this story realestate.co.nz
Auckland's average property asking price dropped to $993,562 in September, according to realestate.co.nz data. This marks the first time in six years the average has fallen below $1 million. The current figure is more than $280,000 lower than the city's January 2022 peak.
Key facts
5 facts
- Auckland average asking price: $993,562 in September 2026
- Auckland peak asking price: $1,274,829 in January 2022
- National average asking price: $855,245 in September 2026
- Wairarapa largest annual decline: 9.2%
- Total national property stock: 34,001 properties
The full story
1 min read · 4 outlets
Auckland's average property asking price fell to $993,562 in September 2026, dropping below the $1 million mark for the first time in six years. This figure is more than $280,000 lower than the city's peak average of $1,274,829 in January 2022.
The decline in Auckland coincides with an increase in available housing, as total stock in the region rose 13.8% year-on-year to 13,958 homes. There were over 3,500 new listings in September, representing a 7.7% increase compared to the previous year.
Nationally, the average asking price remained relatively stable at $855,245, a 0.2% decrease from the same month last year. Total national stock increased 10.7% year-on-year to 34,001 properties.
Regional markets showed significant variation, with the Wairarapa recording the largest annual decline of 9.2% to $667,375. Conversely, four regions reached record average asking price highs for September: Central Otago/Lakes, Southland, Canterbury, and the West Coast.
How it developed
- Thu 1 Oct, 4:10pmThe report highlights that the Wairarapa recorded the biggest annual fall in average property asking prices in New Zealand.
Where reports differ
- One report notes that Auckland's median sale price has been below $1 million for some time, citing an August figure of $950,000.
Compiled from reports by Stuff, RNZ, 1News and The Post.