Welcome to Key Real Estate's monthly Property Report. 

In this report, we will review properties for sale in Rotorua, the Bay of Plenty, and across New Zealand. 

Here are the key highlights regarding house prices:

 - The nationwide median residential property price decreased from  $795,000 in October 2024 to $786,000 in October 2025.  

- In the Bay of Plenty, the median house price decreased by 0.2% annually, reaching $815,000. 

- The median house price in the Rotorua District for October was $609,000, reflecting a 6.8% increase compared to the previous year.   - Excluding Auckland, the nationwide median price rose by 0.6%.

- The Bay of Plenty saw a 4.5% increase in median house price compared to September. 

Lizzy Ryley, the CEO of REINZ, observed: “The rise in market confidence, combined with the typical spring surge, has driven increased sales both year-on-year and month-on-month (up 15.4% nationally). Even after adjusting for seasonality, most regions show a positive shift, indicating that October performed better than expected. Feedback from local salespeople across the country supports this trend, with many reporting higher-than-anticipated activity, even if it occurred slightly later in the season than usual.”

We hope you found this month's Property Report informative.

Despite the fluctuating house prices, feel free to contact Key Real Estate, your Rotorua property expert, to discover your property's value!