The number of properties being brought to auction continues to decline but the sales rate edged up last week.
Interest.co.nz monitored the auctions of 182 residential properties last week (7-13 May), down from 233 the previous week and 230 the week before that.
Of the 2182 properties offered at last week's auctions, 57 sold under the hammer, giving an overall sales rate of 31%. That's up a tad from 30% the previous week and just 23% the week before that.
Canterbury remains the most buoyant market for selling by auction, with a sales rate of 54% last week, unchanged from the previous week and up from 41% the week before that.
Auction rooms remained subdued in the Bay of Plenty with a sales rate of just 18% last week, while Auckland and Waikato were neck and neck with sales rates of 28% and 30% respectively.
The table below shows the sales rates in all districts where interest.co.nz monitored auction activity last week.
Details of the individual properties offered and the prices achieved for the properties 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.