A chilly winter wind swept through the latest auctions, with a sharp drop in both the number of properties on offer and the sales rates.
Interest.co.nz monitored the auctions of 217 residential properties over the week of 19-25 July, down from 267 the previous week.
That was the lowest number of properties on offer since the short, three day week between the Easter break and Anzac weekend back in April.
Sales also took a dive, with 82 properties selling under the hammer, giving an overall sales rate of 38%, down from 43% the previous week, making it the lowest sales rate in two months.
However there was no change in the selling price to rating valuation ratio, with 59% of the properties that sold achieving prices that were at least equal to or above their rating valuation, unchanged from the previous week.
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.