Residential auction activity perked up a bit over the last week, with interest.co.nz monitoring the auctions of 251 properties over the week of 8-14 August.
That was up from 197 the previous week which was a three year low.
The number of properties being auctioned each week has been alternating from just under 200 to about 250, so overall activity appears to be bouncing along on its winter lows.
Of the 251 properties on offer at the latest auctions, 96 were sold under the hammer, giving an overall sales rate of 38%. That's the first time it has been under 40% in the last four weeks.
Those figures paint a picture of a market with little momentum behind it, something that is unlikely to change over the last couple of weeks of winter.
Details of all 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.
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