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Property Report - May 25

Jeremy Kelleher
Jeremy Kelleher
17 June 2025

If you’ve been wondering how the Christchurch market is tracking as we head into winter, here’s the wrap: it’s active, balanced, and holding firm.

Canterbury just recorded its busiest May since 2006. That’s not just a number, it backs up what we’re seeing at ground level. Good open home turnout, buyers doing their homework, and a steady stream of deals getting done. Cooler weather hasn’t cooled the market.

 

Quick snapshot

Canterbury Sales: 1,213 homes sold, up 2.5% on May last year

Christchurch City Sales: 769, holding steady

Median Price: Canterbury sitting firm at $680,000

Christchurch Median: $675,000, down just 0.5%

Average Days to Sell: 43, slower than earlier this year but still ahead of most regions

 

What’s happening on the ground

In Christchurch, first home buyers and owner-occupiers are keeping things moving. We’re seeing solid interest, especially in homes that are well priced, easy-care, or in strong school zones. Properties with renovation potential are getting good traction too.

Buyers still have time on their side, so urgency is measured, but confidence is building, helped by stabilising interest rates and a clear sense that the market has found its rhythm. Prices are holding. Demand is steady. And the right properties are standing out.

 

Why winter might be your window

A lot of sellers wait for spring. But the data tells a different story. Listing numbers typically dip over winter, which means less competition and more eyes on your property. Serious buyers are still in the market, just with fewer options to choose from. That can be a real advantage if you’re thinking of selling.

 

Don’t rely on averages

Even with stable prices, outcomes vary. Homes with strong presentation, smart pricing, and strategic marketing are still achieving great results. That doesn’t happen by accident. It comes down to experience, timing, and getting it right from day one.

 

What I’d tell a seller right now

If you're holding out for the "right time," you might already be in it. The buyers are here. The market is solid. And the competition is lighter than it will be in a few months.

 

Want to see how we do things differently at Kelleher? Our Seller Portal gives you full transparency from day one. Every click, every update, every step of your sale, right at your fingertips.

Enquire

Data sourced from REINZ Property Report – May 2025

Download full report here

Property Report - May 25

Other Posts By Jeremy

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The Canterbury Construction Surge

Canterbury's property market is outperforming nationally with building consents up 1.2% versus a 3.3% national decline, driven by strong buyer confidence and supply shortages. However, 30% of upcoming sellers bought during the 2021-2022 peak, creating opportunities for buyers, while a surge in multi-unit developments poses oversupply risks in the next 6-12 months.

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Property Report - April 2025

Property Report - April 2025

Christchurch’s median price has hit $691,888, and April sales climbed again year-on-year. Jeremy breaks down what’s driving the steady growth, why buyers are still active, and what sellers need to know heading into winter.

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