Barfoot & Thompson's sales and selling prices were both lower in December on seasonality factors but lower prices ate into their mountain of stock as both sellers became more realistic, and more townhouses became available

Barfoot & Thompson, Auckland's dominant real estate agency, said its December sales activity ended with "a positive flourish" with property holding on to price gains made in late Spring.

And listings fell at the end of the year to 5332, the lowest number at month’s end in 2025.

Sales volume was 849 in December, down from 969 in November, but up from 833 in December 2024.

December's average price was a six year low, their median price a seven year low.

Sales of property in the above $2 million price category remained steady, with 61 sales in December, representing 7% of all sales in the month. This was the highest number of homes sold in this price segment in a December in four years.

But they sold 442 properties below $1 mln price, or 52% of all sales. In fact, every month of 2025 saw a higher proportion of sales under $1 mln than in 2024.

In all of 2025 Barfoots sold more than 11,000 homes, the highest number in a year for four years, at a median price of $954,000 and an average price of $1,109,000.

Prices across the year were down on those for 2024, enabling sales to be made, and the number of properties sold has climbed each year for the past four years. They were +9% higher than sales numbers for 2024.

Barfoots listed more than 20,000 properties in the year, the highest number of new listings in over twenty years. Many of them were new-builds as townhouses, apartments and units.

They sold more than 2700 properties at less than $750,000 in the year, nearly a quarter of all sales.