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 for February 2026 compared to prior periods.  

New Zealand's median house price increased to $795,000, up 3.2% from a year ago. The Bay of Plenty's median price is $825,000, compared to $805,000 a year ago, an increase of 3.1% from February 2025. The Rotorua District median house price of $610,000 decreased from $615,000, compared to February 2025. These changes in median prices could be a reflection of the current market conditions and may influence your buying or selling decisions. 

Sales volume nationally was up 0.3% compared to last year's period, for New Zealand, excluding Auckland, seasonally adjusted sales climbed 3.1%,a reassuring sign of market activity. New listings increased by 7.8% from 11363 in February 2025 to 12,252 in February 2026.

The median number of days to sell a property in February 2026 was 56, compared to 55 days in February 2025. At the end of February 2026, there were 36,357 properties available for sale across New Zealand, an annual increase of 1.8%.

REINZ Chief Executive Lizzy Ryley comments:" The housing market has been stable for some time, with buyers and sellers having growing confidence, although this does vary around the country. Prior to the current geo-political situation, New Zealand’s housing market has continued its stable growth, and is expected to continue through to autumn, with Canterbury and Otago likely to lead growth and Auckland gradually improving.

Remember to look at our current listings for all our properties for sale in Rotorua. 

We are committed to providing you with the best service and helping you find your ideal property.