There was a slight decrease in activity at the residential property auctions monitored by interest.co.nz over the last week (4-10 March). Interest.co.nz monitored the auctions of 268 residential auctions around the country, down from 293 the previous week. Of those, 84 were sold under the hammer, giving an overall sales rate of 31%, down from 37% the previous week. The main reason for the decline in total auction numbers was fewer auctions in Canterbury and several provincial centres compared to the previous week, while auction activity was up slightly in Auckland. At the major auctions prices appear to have been firmest in Christchurch and weakest in Auckland's central suburbs.

Source: Stuff March 10, 2023 21:01 UTC