The winter auction activity level was little changed in the August 19-25, 2023.
There were 197 properties coming under the hammer nationwide at the auctions we monitor, and 90 sold. That is a clearance rate of 46%.
These levels were marginally higher for auction numbers, but lower for sales. But the sales rate came in better, up 10 percentage points from the week before.
Price remains an issue, but a slightly higher 41% of the properties that sold last week achieved prices equal to or above their rating valuations, compared to 31% the previous week and 35% the week before that.
Overall it was just another quiet winter week in the auction rooms with no major surprises either way.
Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices and rating valuations of those that sold, are available on our Residential Auction Results page.
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