Auction activity lifts but sales rates remain flat
Property auction rooms are busier than they've been since early June, though sale completion rates have not improved.
Auction activity has increased to its highest levels since early June, suggesting the market may be emerging from a slower winter period. However, the improved attendance has not translated into higher sales rates, indicating continued challenges in the property market despite the increased activity.
Covered byinterest.co.nzNot covered byRNZStuffNZ Herald1NewsNewstalk ZBOtago Daily TimesNewsroomThe SpinoffBusinessDesk
Coverage across the news outlets we track, as at publication.
What outlets are saying
interest.co.nz
Lift in auction activity could mean it's emerging from its winter doldrums
Auction rooms the busiest they've been since early June but no improvement in the sales rate