Key Facts:


– The auction rooms in New Zealand have experienced their busiest week so far in 2023.
– There were 437 properties on offer during the week, the highest number this year and an increase from the previous week’s 315.
– This is the first time in 2023 that more than 400 properties were offered at the monitored auctions.
– A record number of properties, 182, were sold under the hammer, resulting in an overall sales rate of 42%.
– Activity in the auction rooms was particularly high across all districts in Auckland.

Article Summary:


The auction rooms in New Zealand have seen a surge in activity as spring arrives. Last week was the busiest week so far in 2023, with 437 properties on offer, the highest number this year. This is a significant increase from the previous week’s 315 properties. It is also the first time in 2023 that the number of properties offered at the monitored auctions has exceeded 400. Additionally, a record number of properties, 182, were sold under the hammer, resulting in an overall sales rate of 42%. The auction rooms in Auckland saw a particularly strong lift in activity, with all districts reporting increased participation.

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