The housing market is starting to settle in for winter as auction volumes decline
Activity is slowly declining in Barfoot & Thompson's auction rooms as the market settles towards winter.
Auckland's biggest real estate agency marketed 260 properties for sale by auction in the week of 24-30 April, then 248 properties in the week of 1-7 May and 206 in the week of 8-14 May.
While the number of properties being offered at auction has been declining, the sales rate has remained remarkably flat at around or just over 50%.
In the week of 24-30 April the sales rate was exactly 50%, then edged up to 55% in the first week of May and dipped back to 51% last week.
Sales rates in the main urban districts ranged from 38% in Rodney to 69% in Franklin.
The table below gives the district-by-district sales breakdown.
This story was originally published on Interest.co.nz and has been republished here with permission.