Things were a lot quieter at the latest auctions as the market winds down for the Christmas break.
Interest.co.nz monitored the auctions of 326 residential properties around the country over the week of 13-19 December, well down from 517 the previous week.
Sales were also weaker with 117 of the properties on offer selling under the hammer, giving an overall sales rate of 36% for the week.
That was the lowest auction sales rate recorded by interest.co.nz since mid-June.
Prices were also weaker, with exactly 50% of the properties that sold achieving prices equal to or better than their corresponding rating valuation, down from 62% the previous week.
That was the weakest price to valuation ratio at the auctions monitored by interest.co.nz since late July.
Although auction activity is finishing the year on a soft note, over the course of this year the sales rate has perked up compared to 2024.
Annual figures
Over the course of 2025 interest.co.nz monitored the auctions of 16,613 residential properties, down slightly from 16,897 in 2024.
However, the number of properties that sold under the hammer increased from 5938 in 2024 to 6550 in 2025.
That pushed the annual sales rate up to 39% in 2025 from 35% in 2024, almost back to the 40% sales rate achieved in 2023.
As always the latest district results are displayed in the table below.
This is our last auction report for 2025 and they will recommence as auction activity starts to pick up again next year, probably in early February.
We wish all of our regular auction readers a safe and enjoyable Christmas break.
2 Comments
Does this result form the basis of a sustainable high sales volume floor then price recovery throughout 2026? Even for the pro BSer, it's hard sell.
Auckland Central figures are appalling...
Houses going backwards relative inflation
Merry Xmas all Interest Staff and DGMers and Spruikers alike.
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