There was a dip in activity at the latest auctions monitored by interest.co.nz. We tracked 289 residential property auctions over the week of 5-11 October, down from 343 the previous week and 356 the week before that. However numbers remained well up from where they were over winter and the sales rate also held on to recent gains, with 119 properties selling under the hammer, giving an overall sales rate of 41%. So far the spring sales rate seems to be settling at just over 40%, compared to an average of around 30-33% over winter. Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices of those that sold, are available on our Residential Auction Results page.

Source: New Zealand Herald October 12, 2024 12:41 UTC