Another slow week in the auction rooms with just over a third selling under the hammer
It was another quiet week in the auctions rooms, with interest co.nz monitoring the auctions of 238 residential properties around the country, just two more than the previous week.
Those figures suggest auction activity may have hit its winter low point, with activity subdued throughout the country.
Of the 238 properties offered at the latest auctions, 89 sold under the hammer, giving an overall sales rate of 37%, which was the lowest it has been in the last eight weeks when it has tended to hover around the 40% mark.
There was no sign of any serious movement in prices, with exactly 60% of the properties that sold achieving prices that were higher than or equal to their rating valuations, which was within a point or two of where it’s been for the last couple of months.
These latest figures suggest the market is at a seasonal low, but apart form that don’t reveal any major movements in the market either way.
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.
The table below shows the regional results.
