According to the recently published report from the Real Estate Institute of Tasmania (REIT), in 2025, the state recorded 8.6% year-on-year growth in transactions, alongside a record $6.7 billion in residential sales. Describing strong market activity and competitive conditions that drove pricing, demand and buyer intent.
A more active market
Tasmania delivered its highest cumulative residential sales value on record in 2025, with 10,615 transactions worth $6.7 billion.
Transaction volume remains one of the strongest indicators of market confidence. More deals are being done, and the market is moving with more consistency than it was a year earlier.
Homes are selling faster
Selling times tightened across the state over the past 12 months.
In Hobart, average days on market reduced from 30 to 20. Launceston moved from 29 to 20. The North West improved from 35 to 23.
Shorter selling periods reflect stronger buyer engagement. Well-positioned homes are attracting attention quickly, and decisive campaigns are being rewarded.
Tasmania still offers value
Tasmania continues to hold a strong value position nationally.
Hobart’s median house price sits at $746,000, while Tasmania’s statewide median house price is $630,000, well below the national median of $922,838.
That price gap continues to support demand from interstate buyers and investors. For local owners, it broadens the pool of active buyers and reinforces Tasmania’s position as a market offering both relative affordability and lifestyle appeal.
Regional strength is building
The strongest results were outside of our capital city.
Launceston’s median house price reached a new quarterly record of $627,850, up 10.6% year-on-year. In the North West, median house prices rose 18.9% over the year to $576,500.
The pattern is broader than a single market cycle in the capital. Price growth, transaction strength and buyer demand are being seen across multiple regions of the state.
The market is becoming more competitive
Investor activity rose to 1,886 acquisitions across 2025, up 46.4% on 2024, while mainland buyer numbers increased 43.6% over the same period.
In summary, competitive market conditions created a more favourable selling environment and stronger market performance across 2025 with early indications showing 2026 may be another record year.
