Just under a third sold under the hammer at last week's residential property auctions

By Greg Ninness

Activity is slowly winding down in the auction rooms monitored by interest.co.nz as the market heads towards the Christmas break.

There were 251 residential properties on offer around the country at the auctions monitored by interest.co.nz last week (3-9 December), compared to 287 the previous week and 307 the week before that.

Of the 251 properties on offer last week, 76 sold under the hammer, exactly the same number as the previous week.

That pushed the overall sales rate up slightly to 30% from 26%.

The highest levels of activity last week were in Canterbury, on Auckland's North Shore and in the city's central suburbs, with the sales rates ranging from 29% in central Auckland to 46% in Canterbury - the table below shows the district-by-district results.

Details of the individual properties offered at all of the auctions monitored by interest.co.nz, including the selling prices for those that sold, are available on this Residential Auction Results page.

This story was originally published on Interest.co.nz and has been republished here with permission.