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.
1 Comments
So peak selling time in NZ and just 26% selling above the now much lower, already downgraded CVs.
Overleveraged Spruiker town must be in tears.
Proof the NZ Property Ponzi is broken and faulty, beyond its normal, always upswinging, "property cycle" over the last 40 years......
The propeller and staircase propertyheads, must be dizzy with dismay? - at drinking the property seminar koolaid and being the usefull idiot, market props, into this epic property crash.
Jusy wait till the massive iceberg of withdrawn, unsold sales, re-makes its appearance as the now moreso desperado sellers, are forced into transacting!
Higher yearly rates, insurance and general delapidation will force many hands into 2026 to 2028 capitulation.
Yet Gold and SILVER have never shone brighter......what will occur when even only 5% of the population, own a little?
The property seminars will be tumble weed twirling, ghost towns......
.....
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