There was a pick up in activity at the latest residential property auctions, with more properties on offer and an improvement in the sales rate.
Interest.co.nz monitored the auctions of 397 properties around the country over the week of 2-8 May. That was up from 333 the previous week, and 312 the week before that. However, numbers are down from more than 500 a week over the peak selling season in March.
Most of the latest increase in activity was driven by a jump in auction numbers in the Auckland region.
The sales rate was also up, with 155 of the 397 properties on offer at the latest auctions selling under the hammer, giving an overall sales rate of 39%.
That was up from the sales rate of 30% the previous week, and 36% in each of the two weeks before that.
Of the properties that sold under the hammer, just over half (53%) achieved prices equal to or above their corresponding rating valuation, barely changed from 54% the previous week.
The table blow shows the regional results from around the country, while details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices of the properties that sold, are available on our Residential Auction Results page.
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