Sales were achieved on exactly three quarters of the properties offered at the auctions monitored by interest.co.nz in the week from 24-30 August.
That compares to a sales rate of 68% the previous week (17-23 August) and 50% in the comparable week of last year (26 August - 1 September 2019).
The only downside in the auction numbers in the last week of August was a slight drop in the total number of properties auctioned, which dipped to 224 from 234 the previous week and 275 the week before that.
However that was still well ahead of the comparable week of last year when just 134 properties were offered at the auctions monitored by interest.co.nz.
The number of properties auctioned in the last week of August may have been crimped by the Level 3 lockdown in Auckland, so it will be interesting to see if auction numbers start climbing again in the next few weeks.with the arrival of spring and the end of the Level 3 restrictions in Auckland.
Prices have also been firming.
Where interest.co.nz was able to match selling prices with the corresponding rating valuations, 87% of sales at the auctions monitored in the last week of August were higher than their corresponding rating valuations, up just slightly from 84% the previous week, but well up from 50% in the matching week of last year.
Details of the individual properties offered at the auctions monitored by interest.co.nz and the results achieved, are available on our Residential Auction Results page.
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