Auction sales rate stuck on 37% for the last four weeks

Auction rooms around the country remain busy but the number of properties being offered remains below the peak set in the last week of February.

Interest.co.nz monitored the auctions of 456 residential properties around the country over the week of 15-21 March.

That's a healthy number but for the third week in a row it was well below this year's peak of 601 properties in the last week of February.

However, something that hasn't changed over the last four weeks is the sales rate.

Of the 456 properties auctioned last week, 170 sold under the hammer, giving an overall sales rate of 37%.

The sales rate has been stuck on 37% exactly for the last four weeks, making it remarkably consistent with not so much as a single percentage shift in either direction.

Even in Auckland, which is the country's auction capital, the sales rate was 36% at the latest auctions, and 38% for the two previous weeks.

The table below shows the regional results from the auctions we monitor around the country, and details of all of the individual properties auctioned, including the prices of those that sold, are available on our Residential Auction Results page.

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