Auction rooms around the country remained busy in the first week of March, with very little change in either the number of properties on offer or the sales rate from the previous week.
Interest.co.nz monitored the auctions of 538 residential properties around New Zealand over the week of 28 February to 6 March, down from 562 (-4.3%) the previous week.
Of the 538 properties on offer, 202 sold under the hammer, down from 219 the previous week (-7.8%).
That saw the overall sales rate decline by the smallest of margins, to 38% from 39%, so very little change there.
It was the third week in a row that the sales rate has been below 40%, after being in the 42% to 45% range in the first three weeks of this year's summer auction season.
That suggests the market remains busy, but the air of caution evident in the market last year continues to weigh on buyer sentiment.
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 chart below shows the main results by district from around the country.
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