Auction results bouncing around with 37% of the properties offered sold under the hammer at the latest auctions

Auction activity has been a bit lumpy lately but the latest results were bang in the middle of where they have been over the previous two weeks.

Interest.co.nz monitored the auctions of 345 residential properties over the week of 16-22 May, up from 295 the previous week, but down from 397 the week before that.

The sales results showed a similar trend, with 128 of the 345 properties on offer at the latest auctions selling under the hammer, giving an overall sales rate of 37%.

That was up from 31% the previous week, but down from 39% the week before that.

Essentially, auction activity is bouncing along from week to week at the more modest levels you would expect at this time of year.

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.