Gisborne house listings stay same

A109 Light Utility Helicopter flight with mayor Gisborne City from the air in November 2023.

Gisborne's online housing market remained much unchanged last year, bucking the national trend.

Figures from realestate.co.nz show new listings remained low in almost all regions last month compared to December 2021.

Year-on-year only Taranaki and Coromandel saw a rise in new listings, while Gisborne remained static.

“In December 2022, new listings dropped by more than 20 percent nationally and in nine regions,” Realestate.co.nz chief executive Vanessa Williams said.

“In other words, fewer people put their homes on the market in December 2022 than in December 2021.”

“There could be many reasons for this — the coming election, nervousness around prices or the fact that finance is more expensive than it was a year ago,” Ms Williams said.

Auckland and parts of Northland and Waikato had just come out of lockdown restrictions in December 2021, but this did not appear to have skewed the new listings drop in December 2022.

“Generally, we saw an influx of new listings following lockdown periods, but this was not the case nationally in December 2021. Instead, new listings were at a similar level as the previous December (2020).”

Gisborne's asking price also saw a rise, up 4.6 percent from November to finish the year on $707,531.

“Irrespective of the numbers, data from realestate.co.nz shows Kiwis are still interested in property. In December 2022, over 960,000 users visited the site while still managing to get in their Christmas shopping.”