{"id":340166,"date":"2026-03-21T03:42:13","date_gmt":"2026-03-21T03:42:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/340166\/"},"modified":"2026-03-21T03:42:13","modified_gmt":"2026-03-21T03:42:13","slug":"auction-numbers-slide-for-three-weeks-in-a-row","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/340166\/","title":{"rendered":"Auction numbers slide for three weeks in a row"},"content":{"rendered":"<p>\nJust a third of the properties on offer at the latest auctions sold under the hammer\n<\/p>\n<p>Auction activity continues to decline from its peak, with just a third of the properties on offer selling under the hammer at the latest auctions.<\/p>\n<p>Auction activity appears to have peaked so far this year in the last week of February, when interest co.nz monitored the auctions of 562 residential properties.<\/p>\n<p>That number has steadily declined for the last three weeks, dropping to 484 in the week of 14-20 March.<\/p>\n<p>The number of properties selling under the hammer has followed a similar trend, dropping from 219 in the last week of February to 169 over 14-20 March.<\/p>\n<p>That has pushed the overall sales rate down from 39% to 35% over the same period.<\/p>\n<p>The sales rate has been below 40% for the last five consecutive weeks, after starting this year in the 42% to 45% range.<\/p>\n<p>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 <a href=\"https:\/\/www.interest.co.nz\/property\/residential-auction-results\" rel=\" noopener nofollow\" target=\"_blank\">Residential Auction Results page.<\/a><\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/03\/shuntable21.png\" class=\"drupal-media\" style=\"\"\/><\/p>\n<p><a href=\"https:\/\/www.interest.co.nz\/supporters\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" alt=\"\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/09\/1757538248_305_what-do-you-think-21.jpg\" style=\"width: 760px; height: 147px;\"\/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Just a third of the properties on offer at the latest auctions sold under the hammer Auction activity&hellip;\n","protected":false},"author":2,"featured_media":340167,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-340166","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/340166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=340166"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/340166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/340167"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=340166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=340166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=340166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}