Welcome to Key Real Estate's monthly Property Report.

We'll look at properties for sale in Rotorua, the Bay of Plenty and across the country.

Check out the house price highlights below!

Properties in focus: Rotorua, Bay of Plenty, and Nationwide listings.

Price Highlights: Nationwide Prices compared to the same period last year. The National median price increased by 2.3% to $808,000. Excluding Auckland, the median price also increased by 4.3% to $730,000.

Bay of Plenty: Median house price: $855,000 (3.6% annual increase). 4.9% increase compared to October. 

Rotorua District: Median house price: $625,000 (2.6% increase from last year). Increased by $16,000 or 2.6% compared to last month. 

Sales Statistics: Total properties sold: 7,268 (5.7%decrease year-on-year, 4.6% decrease month-on-month). 

Median Days to Sell: 40 days. 

Industry Insights (Lizzy Riley, REINZ CEO): The market is continuing to edge in the right direction. While improvement is gradual the underlying trend remains more positive than it was a year ago. Looking back to November 2025 compared to November Buyers are showing increased interest spurred by the recent reduction the Offical cash rate. As the market has remained fairly stable most vendors were realistic regarding their asking price. In some cases buyers have walked away to purchase other properties when shown a counteroffer. Factors like a steady well balanced market increased positivity among buyers and sellers, easing interest rates, and a sustainable number of listings influenced market sentiment. Local salespeople predict the local market will remain stable through 2026, with a possibility for small increases in values and sales.

We hope you enjoyed this month's Property Report.

With so much movement in house prices, contact Key Real Estate, your Rotorua property specialist, to find your property value!