{"id":605398,"date":"2026-09-19T15:04:15","date_gmt":"2026-09-19T15:04:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/605398\/"},"modified":"2026-09-19T15:04:15","modified_gmt":"2026-09-19T15:04:15","slug":"auction-rooms-a-lot-quieter-than-they-were-at-this-time-last-year","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/605398\/","title":{"rendered":"Auction rooms a lot quieter than they were at this time last year"},"content":{"rendered":"

Auction activity picked up a bit over the last week, but not quite to a level that could be considered to mark the start of the ‘spring bounce,’ which signals the start of the busier spring\/summer season.<\/p>\n

Interest.co.nz monitored the auctions of 298 residential properties around the country over the week of 12-18 September.<\/p>\n

That was the most in any week since the end of May, but was just shy of the 300 auctions needed to signal the start of the spring bounce.<\/p>\n

In the equivalent week of last year, interest.co.nz monitored the auctions of 375 residential properties, so activity is still well below the level of a year ago.<\/p>\n

Of the 298 properties offered at the latest auctions, sales were achieved on 110, giving an overall sales rate of 37%.<\/p>\n

The sales rate has remained within the narrow band of 36% to 38% for the last five weeks.\u00a0<\/p>\n

In the equivalent week of last year (13-19 September 2025) the sales rate was 44%.<\/p>\n

While the difference in the sales rate compared to a year ago is not huge, when combined with the more significant drop in overall auction activity, it does suggest a softening in the market.<\/p>\n

Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the prices achieved for those that sold, are available on our Residential Auction Results page.<\/a><\/p>\n

<\/p>\n

\u00a0<\/p>\n

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