Residential auction activity remains at very low levels, although the sales rate picked up slightly last week with a third of the properties overall selling under the hammer at the auctions monitored by interest.co.nz.
There were just 146 properties offered at the auctions around the country that were monitored by interest.co.nz last week (23-29 July). That's down slightly from 151 the previous week.
Of those, 49 were sold under the hammer giving an overall sales rate of 34%, up from 26% the previous week.
Things are unlikely to improve much in the next few weeks.
August can often be a quieter month than July for real estate sales and the Orders of Sale from the auction rooms for this week suggest activity will remain subdued.
The table below shows the district-by-district results from last week's auctions.
Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices of 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.