This week saw a sharp jump in residential property auction room activity, with the number of properties on offer hitting their highest level since the end of May.
Altogether 357 properties were offered at the auctions around the country monitored by interest.co.nz over the week of 4-10 October, up from 270 the previous week, pushing the latest auction numbers up to a 19 week high.
However, the higher number of properties on offer wasn't matched by a commensurate increase in the sales rate.
Of the 357 properties on offer, 156 sold under the hammer, giving an overall sales rate of 44%, which remains within its recent range of 41% to 44%.
So overall, the big change was the jump in the number of properties going to auction, but there was no meaningful movement in the rate at which they're selling, with more than half the properties still being passed in.
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 the Residential Auction Results page.
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