A slight lift in auction activity last week

More properties on offer and more selling under the hammer at last week’s auctions

There was a small lift in activity in the auction rooms last week with slightly more properties on offer and more selling under the hammer.

Interest.co.nz monitored the auctions for 153 residential properties around the country last week (3-9 September), up from 146 the previous week.

Of those, 53 were sold under the hammer, up from 37 the previous week.

That took the overall sales rate to 35% last week compared to 25% the previous week.

The improvement in the sales rate was most noticeable in Rodney and the central suburbs of Auckland, both of which had sales rates above 40% last week, and in Canterbury where the sales rate jumped up to 56% last week compared to 36% the previous week.

It’s too early to say if this is the start of the usual spring bounce in residential sales activity, but it may be a first tentative step in that direction.

Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the prices achieved for those that sold, are available on our Residential Auction Results page.

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