It was no surprise that there was a sharp downturn in activity at the latest residential property auctions, with 398 properties on offer at the auctions monitored by interest.co.nz, compared to 508 the previous week.
Because it was the first week of school holidays and a short week to boot due to the Easter break, this week's numbers were never going to be great and poor weather at the end of the week was the cherry on top.
Although there were fewer properties on offer, there was no change in the sales rate, with 140 properties selling under the hammer, giving an overall sales rate of 35%, unchanged from the previous week.
However the sales rate has been slowly slipping back from this year's high of 41% achieved in mid-February.
Next week's offerings are also likely to be on the low side, with the school holidays continuing and back-to-back long weekends making for a three day working week.
The table below shows the latest results by region while details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices of those that sold, are available on our Residential Auction Results page.
The comment stream on this story is now closed.
We welcome your comments below. If you are not already registered, please register to comment
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.