February 2026
As the weather begins to cool, the property market continues to show encouraging and sustained activity from both buyers and sellers.
February saw the median sale price rise to $768,000, now sitting ahead of where it was at the same time last year. This points to a level of price stability that should reassure homeowners, while also giving buyers confidence that the market is on a steady footing.
Sales volumes also lifted, with 265 properties sold - 34 more than February last year and a notable increase from January. This reflects renewed engagement from buyers as the market moves beyond the holiday period and into a more active phase.
The average days on market has reduced to 38 days, with well-priced and well-presented properties generally selling more quickly. Active buyers are increasingly aware of the rise in available listings and are taking the opportunity to be selective, while still acting decisively when the right property comes along.
We currently have 998 properties available for sale. At the current rate of absorption, this equates to approximately 3 months of supply, indicating relatively balanced market conditions overall. However, when we drill down into specific price points and property types, a more nuanced picture emerges.
One of the strongest performing segments in February was the $600,000–$700,000 price bracket, which recorded 27 sales. With 82 listings currently available in this range, this represents close to three months of supply - highlighting the importance of a well-considered and strategic approach when bringing a property to market.
In contrast, we are seeing increased demand in the $1.1M–$1.2M range in the northern suburbs, where 17 of the 26 available properties sold during the month. This has led to more multi-offer situations and a rise in auction activity, reinforcing that while buyers have choice, demand remains strong for well-positioned homes.
Overall, the market continues to track steadily, with good opportunities on both sides - but success remains closely tied to pricing, presentation, and strategy. Choosing an agent who understands the nuances of the current market and can navigate it effectively is imperative.
February Sales Breakdown:
- 103 sales under $700,000 (up 38)
- 88 sales between $700,000-$900,000 (up 20)
- 21 sales from $900,000-$1M (up 7)
- 33 sales from $1M-$1.2M (up 25)
- 20 sales over $1.2M (up 6)
For sellers, current conditions offer a supportive environment, with steady pricing, improved activity, and reasonable selling timeframes.
For buyers, there remains a good level of choice, alongside a market that is demonstrating consistency and stability.
As we move into the traditionally busier months of the year, these conditions provide a solid foundation for those considering their next move - whether buying, selling, or simply planning ahead.
Why Team RC?
Proven Results, Local Expertise – With Ray and Christine's deep understanding of the Hamilton market, combined with the strength of Harcourts behind us, you're working with a team that knows what drives premium results in today's conditions..
Marketing That Cuts Through – We deliver strategic, high-impact campaigns designed to present your property at its absolute best - capturing attention, creating emotional connection, and driving meaningful buyer engagement.
Competition-Driven Strategy – Every decision is intentional. From pricing to positioning, we focus on creating the right conditions to generate competition and maximise your result.
End-to-End Confidence – With clear communication, strong negotiation, and a hands-on approach from start to finish, you'll feel informed, in control, and confident every step of the way.
Ray, Christine, and our team are here to support you.
Whether you're ready to make a move or just exploring your options, feel free to reach out anytime.
If you or someone you know is contemplating selling in such a strong market, don’t delay and talk to us today about an up to date market appraisal and how to set the right strategy to achieve a premium sale price for your property.