The number of properties being brought to auction continues to decline but the sales rate edged up last week. Interest.co.nz monitored the auctions of 182 residential properties last week (7-13 May), down from 233 the previous week and 230 the week before that. Of the 2182 properties offered at last week's auctions, 57 sold under the hammer, giving an overall sales rate of 31%. That's up a tad from 30% the previous week and just 23% the week before that. Details of the individual properties offered and the prices achieved for the properties that sold, are available on our Residential Auction Results page.

Source: Stuff May 17, 2022 04:04 UTC