The latest auction results stayed true to form and took a bit of a dip over the week from 12-18 August, after showing a slight rise the week before. Although the number of properties being offered at auction is bouncing around a bit from week to week, the sales rate is remaining remarkably consistent with about half of the properties offered at auction selling under the hammer each week. Last week 91 of the 185 properties offered sold under the hammer, giving an overall sales rate of 49%, down from 54% the previous week and 50% the week before that. Overall it was a relatively quiet week in the auction rooms with no major surprises either way. Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices and rating valuations of those that sold, are available on our Residential Auction Results page.
