Taupō's residential property market experienced a challenging December, with the median sale price decreasing 13.47% year-on-year to $835,000, compared with $965,000 in December 2024. This decline reflects broader market recalibration following previous periods of strong price growth. Notably, while median prices adjusted downward, residential transaction volumes increased 16% from 49 sales in December 2024 to 57 sales in December 2025, indicating sustained buyer engagement despite the price correction.

Median days on market increased by 21.43% to 51 days, up from 42 days in the same period last year, indicating a more measured pace of sales activity. December's total market activity reached 69 recorded sales, comprising the 57 residential properties alongside 9 sections and 3 rural properties.

The holiday season traditionally influences market dynamics, with both buyer and seller activity moderating as families focus on summer plans. However, December's transaction volume demonstrates continued underlying demand across various property types and price points.

Buyer enquiry remained concentrated in the established suburbs, with properties in the $700,000-$900,000 range attracting consistent attention. Entry-level homes and well-presented family properties continued to generate competitive interest where accurately priced to current market conditions.

Looking ahead to 2026, seasonal patterns suggest activity will build gradually through January and February as holidaymakers return and families settle back into routine. The current listing stock provides buyers with reasonable choice, while sellers with realistic pricing expectations are finding willing purchasers. A balanced market approach is expected to characterize the first quarter of the new year.

Source: REINZ, December 2025