There was no change in the number of properties offered at the auctions monitored by interest.co.nz last week, but the sales rate increased from a quarter to just over a third.
Interest.co.nz monitored the auctions of 148 residential properties around the country last week (6-12 August), which was unchanged from the previous week, with 54 of those selling under the hammer, giving an overall sales rate of 36%, up from 25% the previous week.
The increase in the sale rate was largely driven by some strong auction results in the South Island, with sales rates of 74% in Canterbury, 78% in Central Otago-Lakes and 100% in Southland.
Around the rest of the country the sales rates remained mostly about 25% or less.
Overall, the number of properties being brought to auction remain at very low levels.
Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the prices of those that sold, are available on our Residential Auction Results page.
The comment stream on this story is now closed.
- You can have articles like this delivered directly to your inbox via our free Property Newsletter. We send it out 3-5 times a week with all of our property-related news, including auction results, interest rate movements and market commentary and analysis. To start receiving them, register here (it's free) and when approved you can select any of our free email newsletters.
We welcome your comments below. If you are not already registered, please register to comment
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.