Happy New Year from the team at Professionals Invercargill
As we begin 2025, it’s a great time to reflect on Invercargill’s real estate performance in December and look ahead to a year full of potential. The local market has shown steady growth, and the trends we’re seeing indicate that 2025 will be a year of continued opportunity.
Invercargill Market Recap
In December 2024, Invercargill’s property market remained strong. The median price reached $470,000, up 5.9% year-on-year and 3.3% over the past three years. Properties sold in an average of 36 days, reflecting consistent demand despite the festive season slowdown. With 74 properties changing hands, the market maintained solid activity, indicating that buyer interest remains robust.
First-home buyers and owner-occupiers were the most active buyer group in Southland.
Invercargill Market Trends and What’s Ahead
The Invercargill market continues to evolve. First-home buyers, owner-occupiers, and investors have been leading the charge.
"Our agents have had a large number of listings go to market over the first weeks of 2025. We are seeing a strong start to the year with big turnouts to our open homes."
We remain hopeful that the market will continue to improve, supported by lower interest rates and increased stock availability. Buyer demand is expected to remain steady, with properties selling quickly when priced right. Vendors who take the time to ensure their homes are well-presented and realistically priced will continue to see success.
Southland Market Overview
Beyond Invercargill, Southland’s regional market also showed positive signs, with the median price climbing 4.5% year-on-year to $465,000. The region’s real estate market is showing resilience, and we expect this momentum to continue into 2025.
National Market Overview
Nationally, the property market in December followed typical seasonal trends. Sales volumes increased slightly, by 1.8% year-on-year, while the national median price saw little change at $775,000. Regions outside Auckland experienced a modest 1.4% increase, reaching $710,000. National inventory levels rose by 18.5% year-on-year, providing more options for buyers, with some regions seeing increased competition as a result.
Looking Ahead to 2025
"Prices are very stable as we head into 2025, but we are forecasting values to lift as investors and educated buyers re-enter the market, realising how good it is right now."
Interest rates are showing signs of stabilising, which is great news for both buyers and sellers. Sellers in Invercargill and across Southland can make the most of the summer months by focusing on key details, like tidy gardens, maximizing natural light in living spaces, and ensuring their homes are well-presented.
Buyers will find plenty of new listings to explore, but competition is expected to heat up. Staying mindful of interest rates and acting quickly when the right property comes along will be key to securing the best deals.
Partner with Professionals Invercargill in 2025
At Professionals Invercargill, we’re excited to help you make the most of the year ahead. Whether you're considering selling, buying your first home, or upgrading, our experienced team is here to guide you through every step of the process.
Let’s work together to make 2025 the year you achieve your property goals!