There was a slight increase in the number of properties offered at the latest auctions but a significant improvement in the sales rate.
Interest.co.nz monitored the auctions of 267 residential properties around the country over the week of 12-18 July, up from 232 the previous week.
However that only brought the numbers back up to where they had been over the few weeks prior to that, suggesting the previous week's numbers were particularly low.
The more significant change was in the number of sales achieved.
Of the 267 properties on offer at the latest auctions, 114 sold under the hammer, giving an overall sales rate of 43%.
That was only the third time so far this year that the sales rate has been above 40% and was the highest it has been since the end of October last year.
Of the 114 properties that sold that sold, 59% achieved prices that were at least equal to or above their rating valuations, which was within a percentage or two of where that number has been settling over the last few weeks.
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 article 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.