Activity was particularly subdued at Barfoot & Thompson's latest auctions, although the fact it was a short week after the Labour weekend holiday may have been a factor in that. Auckland's biggest real estate agency took 80 residential properties to auction during the week of 22-28 October, which was the lowest number since the week of 10-16 September. Of the properties offered at the latest auctions, 22 sold under the hammer, also the lowest number in six weeks, although the sales rate of 28% was about average for recent weeks. The previous week (15-21 October) Barfoots offered 89 properties at auction and sold 24 under the hammer, giving a sales rate of 27%. Details of of the individual properties offered at all of the auctions monitored by interest.co.nz, including the prices of those that sold, are available on our Residential Auction Results page.

Source: Stuff October 29, 2022 06:22 UTC