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16 Feb 2026 18:02
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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: 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
     16 Feb: Even bigger bills at the supermarket could be on the way
     Top Stories

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    BUSINESS BUSINESS
    People didn't reach into their pockets as much as retailers hoped, over summer More...


     Today's News

    		 Entertainment:
    'Signal sniffers' used in search for missing person Nancy Guthrie's pacemaker 17:57

     Rugby League:
    NRL boss Andrew Abdo believes the change in State of Origin eligibility rules will help modernise rugby league 17:37

     Business:
    People didn't reach into their pockets as much as retailers hoped, over summer 17:27

     Entertainment:
    Stephen Graham is reportedly set to front a rebrand of Stone Island 17:27

     Basketball:
    The Stars have beaten the Stripes to win the NBA All-Star Game final 47-21 in California 16:57

     Entertainment:
    Sydney Sweeney has "always been tapped into fashion" 16:57

     Entertainment:
    James Van Der Beek's family have reached their GoFundMe target in less than 24 hours 16:27

     Rugby League:
    State of Origin might be coming to New Zealand but a change in timeslot won't be coming with it 16:17

     Entertainment:
    Madison Beer doesn't worry about chart success 15:57

     Health & Safety:
    A prisoner with a burst appendix claimed she was told to ride out painful and worsening symptoms - a nurse said was just a stomach bug 15:27

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