Residential auction activity crawled along at a low level in the last week of the school holidays, with interest.co.nz monitoring 164 property auctions around the country. That was down from 174 the previous week, although the sales rate held up, with 61 properties selling under the hammer. That gave an overall sales rate of 37% last week, up slightly from 34% the previous week. However even allowing for the fact that auction activity is usually a bit quieter during school holidays, the latest figures suggest spring is late arriving in the auction rooms this year. Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices of the properties that sold, are available on our Residential Auction Results page.

Source: New Zealand Herald October 18, 2022 23:06 UTC