There was a significant drop in the number of properties auctioned by Barfoot & Thompson last week but the overall sales rate remained just above 50%.
Auckland's biggest real estate agency handled 236 auction properties in the week of April 3-9, down from 310 the previous week and 287 the week before that.
Of those, sales were achieved on 121 properties, giving an overall sales rate of 51%, down from 53% the previous week and 59% the week before that.
It was the fourth week in a row that the sales rate has declined at Barfoot & Thompson's auctions, which were commonly achieving sales rates above 70% a month ago.
Last week only two districts had sales rates above 60%, Papakura at 67% and Waitakere at 65%, while the sales rates dropped below 50% for properties in Manukau where 40% were sold and Central Auckland where the sales rate was 49% (see the table below for the full breakdown by district).
Details of the individual properties offered and the results achieved at all of the auctions monitored by interest.co.nz are available on our Residential Auction Results page.
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