There was a slight drop in activity at the latest residential property auctions, with fewer properties on offer and fewer selling under the hammer.
Interest.co.nz monitored the auctions of 194 residential properties around the country over the week from 13-19 May, compared to 221 the previous week, a decline of 12%.
Of those, 77 or 40% were sold under the hammer, compared to 96 sales (43%) the previous week.
However while fewer properties were sold, prices appeared slightly firmer, with 37% of the properties that sold fetching prices that were equal to or above their rating valuations, compared to 28% the previous week.
The table below has the district-by-district results, and details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices and rating valuations of those that sold, are available on our Residential Auction Results page.