Just over a third of the properties offered at the latest auctions sold under the hammer

Residential auction activity remains subdued as the market settles fully into winter mode.

Interest.co.nz monitored the auctions of 287 residential properties around the country over the week of 20-26 June, up from 264 the previous week, but down from 296 the week before that.

Anything below 300 properties a week is considered a low level of activity. The current number being offered each week is about half what it was during the summer peak.

Of the 287 properties offered at the latest auctions, 101 sold under the hammer, giving an overall sales rate of 35%. That's down from 37% the previous week and 38% the week before that.

The sales rates were particularly weak in Auckland where just 30% of the properties on offer sold under the hammer, and in Gisborne which had a 33% sales rate.

The highest sales rates for the week were in Canterbury, Waikato and Dunedin, which all had under-the-hammer sales rates of 50%.

The table below shows the latest results from around the country.

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.