An increase in residential property auctions combined with a steady sale rate ends weeks of slow declines in auction quantity across Aotearoa

In the last week in March, residential property auctions increased by 57 from the previous week, halting a previously slow decline in the quantity of property auctions each week. The sales rate has remained steady at around a third of properties that went to auction, selling. The highest rate of sale in New Zealand is in the central suburbs of Auckland with a rate of 48% according to data analysed by interest.co.nz.

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