{"id":612160,"date":"2026-09-26T06:54:15","date_gmt":"2026-09-26T06:54:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/612160\/"},"modified":"2026-09-26T06:54:15","modified_gmt":"2026-09-26T06:54:15","slug":"spring-has-finally-sprung-in-the-residential-property-auction-rooms","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/612160\/","title":{"rendered":"Spring has finally sprung in the residential property auction rooms"},"content":{"rendered":"<p>Spring has finally sprung in the residential auction rooms with the number of properties on offer passing the magic 300 a week mark.<\/p>\n<p>Interest.co.nz monitored the auctions of 329 properties around the country over the week of 19-25 September.<\/p>\n<p>That was up from 298 the previous week and was the most properties offered at the monitored auctions since May, marking the start of the spring selling season.<\/p>\n<p>If auction activity maintains its usual seasonal trend, the number of properties being auctioned should steadily increase over the next couple of months.<\/p>\n<p>However, while the number of properties on offer increased over the last week, there was no improvement in the sales rate.<\/p>\n<p>Of the 329 properties on offer, sales were achieved on 120, giving an overall sales rate of 36%.<\/p>\n<p>The sales rate has alternated between 36% and 37% for the last six weeks.<\/p>\n<p>At this time last year, sales rates in the low-to-mid 40% range were the norm, so buyers are being a little more cautious than this time last year.<\/p>\n<p>Details of the the individual properties offered at the latest auctions, including the selling prices of those that sold, are available on our <a href=\"https:\/\/www.interest.co.nz\/property\/residential-auction-results\" target=\"_blank\" rel=\"nofollow noopener\">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\/09\/shuntable26.png\" class=\"drupal-media\" style=\"\"\/><\/p>\n<p>\u00a0<\/p>\n<p><a href=\"https:\/\/www.interest.co.nz\/supporters\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" style=\"height:147px;width:760px;\" alt=\"\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/09\/1790405655_935_what-do-you-think-11.jpg\"\/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Spring has finally sprung in the residential auction rooms with the number of properties on offer passing the&hellip;\n","protected":false},"author":2,"featured_media":612161,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,111,139,69],"class_list":["post-612160","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/612160","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=612160"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/612160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/612161"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=612160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=612160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=612160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}