{"id":542967,"date":"2026-07-25T04:02:22","date_gmt":"2026-07-25T04:02:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/542967\/"},"modified":"2026-07-25T04:02:22","modified_gmt":"2026-07-25T04:02:22","slug":"residential-auction-activity-at-a-3-year-low-as-winter-weather-bites","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/542967\/","title":{"rendered":"Residential auction activity at a 3-year low as winter weather bites"},"content":{"rendered":"

\nAuction room temperatures drop as the number of properties on offer sinks to a three year low\n<\/p>\n

The barometer in the real estate auction rooms turned from chilly to frosty at the latest auctions, with the number of properties on offer sinking to a three year low.<\/p>\n

Just 199 residential properties were offered at the auctions monitored by interest.co.nz over the week of 18-24 July. That’s the first time it has been below 200 this year and was the lowest number in any week excluding the Christmas break, since August 2023.<\/p>\n

Of the 199 properties on offer, 86 sold under the hammer, giving an overall sales rate of 43%, which of course means 57% were passed in, hopefully to find a buyer in post-auction negotiations.<\/p>\n

The latest Orders of Sale to arrive at interest.co.nz suggest auction numbers could pick up a bit next week, although with winter’s grip not loosening yet and economic uncertainty at every turn, any meaningful improvement could still be some way off.<\/p>\n

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.\u00a0<\/a><\/p>\n

The table below shows the latest results by district.<\/p>\n

<\/p>\n

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