Residential auction activity seems to have settled into a fairly stable pattern over the last month, although there was a slight drop in the overall sales rate last week.
Interest.co.nz monitored the auctions of 454 residential properties last week (9-15 November), with that number having hovered between 428 and 458 for the last four weeks.
Of the 454 properties on offer, 175 were sold under the hammer, giving an overall sales rate of 39%.
That was the lowest sales rate in the last four weeks, but only slightly so, it having been between 42% and 44% over the previous three weeks.
Overall there were no surprises in the latest figures.
Auction room activity seems to be maintaining an even keel for the start of summer and we expect activity to remain busy if unexceptional for the time of year, through to the week before Christmas.
The chart below shows the latest results form the auctions around the country monitored by interest.co.nz, and the details of the individual properties, including the selling prices of those that sold, can be found on the on Residential Auction Results page.
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9 Comments
Not this DGM. It’s not worth paying attention to the month to month noise.
These data sets are for idle chatter - their sole worth. The importance of the Ponzi as the be-all-and-end-all means that some people see value, patterns, and hope in the data.
Ashley Church and the other gurus might see something in the table [eyes rolling back in his head; entering some trance-like state]
Kelvin Davidson (a straight-talking, almost zero spruiking, non-bank economist): Planning to buy your first home in 2025? Watch out for these guys
On Point 1, FHBs really need to thank the National Party & ACT Party's for this awesome eventually. /sarc
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