Residential auction activity shifted into top gear over the last week, with interest.co.nz monitoring the auctions of 599 properties around the country over the week from 22 to 28 November.
That was up from 532 the previous week and 436 the week prior to that, and was within a hair's breadth of this year's high of 601 properties auctioned in the last week of February.
So whatever else this summer's property market has in store, this latest result suggests the auction rooms will be busy.
Of the 599 properties on offer at the latest auctions, 232 sold under the hammer, giving an overall sales result of 39%.
That was the first time the sales result has been below 40% since the beginning of September. While it's only slightly lower then the results over the previous three months, it suggests buyers are maintaining the cautious stance that's been a feature of the market this year.
Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the prices achieved for those that sold, are available on our Residential Auction Results page.
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