REINZ January Market Report - Hawke's Bay

The real estate market in Hawke's Bay saw significant activity in January 2025, according to the latest REINZ market update. The region experienced a noticeable increase in sales compared to January 2024, with 141 properties sold — a 35.6% rise from the previous year. This increase indicates growing buyer confidence and interest in the area.

On the flip side, homes took a bit longer to sell. The average number of days to sell a property in Hawke's Bay was 57, which is 12 days longer than in January 2024. This slight shift suggests that while the market remains strong, buyers are taking more time to make decisions, and sellers may need to adjust expectations for how quickly their properties will move.

In terms of pricing, the median property price in Hawke's Bay came in at $670,000. While this represents a slight decrease of $7,000 compared to January 2024, the market remains relatively stable overall, reflecting a balance between demand and pricing.

In summary, Hawke's Bay's real estate market in January 2025 showed healthy growth in sales, with a slight increase in the time it takes to sell a property. Despite a minor dip in median prices, the region continues to be a promising area for both buyers and sellers in the current market climate.

*Data from REINZ.