92 % Some 92 per cent of all auction campaigns had active bidding on the day .
92 %
Change in alert levels nationwide has only strengthened activity in the marketplace . Pent up demand and an influx of stock coming to the market after weeks of lockdown kicks off the spring trading with enthusiasm .
N E W Z E A L A N D clearance rate
While lockdown has produced a fresh stream of properties coming to the market , demand continues to out sell supply . Key metrics across every category show us that with stock levels at an all time low this market will continue for the foreseeable future .
Average pricing and buyer enquiry continues to climb with a disparity in the media as to when this will end . Online auctions continue their Tour de Force and even with the level changes and tougher restrictions many offices are continuing to use virtual auctions to achieve stand out results and uphold their social responsibilities around social distancing .
S A M S T E E L E
Ray White New Zealand Lead Auctioneer