Residential auction activity off to a slow start for 2023 with three quarters of properties passed in
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- 08 Feb 2023
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Real estate auction activity got off to a quiet start to 2023 with just one in four properties selling under the hammer and the rest either being passed-in, postponed or withdrawn from sale.
Interest.co.nz monitored the auctions of 109 residential properties over the week from 27 January to 3 February, located from Orewa in the north to Gore in the south.
Of those 109 properties, 27 sold under the hammer giving a sales rate of 25%.
Of the properties that sold, eight (30%) sold for more than their rating valuations,18 (67%) sold for less than their rating valuations and one could not be matched with a rating valuation. Read More…
